Tuesday 6 December 2016

Martina Devlin: Noonan's honeyed words can't ease burden of despair and despondency

Published 06/12/2012 | 17:00

FIRST the good news. If you're already well-heeled, no need to worry about where your next pair of Italian leather shoes is coming from. But – and there's no genteel way to put this – it's cobblers to those in the low and middle brackets.

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Once again, middle and low-income families are seeing their living standards eroded at the expense of high-earners, who continue to be protected. And now older people have been targeted, too.

Principle of fairness? Budget 2013 didn't really score there, despite changing the pension regime to draw in money from wealthier pensioners. How about hope for the future? No, Budget 2013 definitely didn't tick that box.

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