Wednesday 7 December 2016

EU must be careful not to push us too far

Brussels needs to realise impact austerity is having and that we can now fund ourselves if we default, writes Marc Coleman

Published 08/06/2014 | 02:30

The EU needs to realise there's only so much more we can take
The EU needs to realise there's only so much more we can take

An increase in the cut-off point for the top rate of income tax, a reversal of cuts to tax relief on mortgage interest relief, relief on property tax liabilities for those who paid stamp duty, a substantial reduction in water charges and more besides.

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If Wednesday's exchequer figures are anything to go by, months of patchy growth have been replaced by steady growth across most heads of taxation and, if this trend continues, these are just some of the measures October's Budget could afford to implement.

That is predicated, of course, on implementing necessary reductions in those areas of public expenditure that remain excessive.

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