Tuesday 18 December 2018

Watch: Charlie Weston gives you Budget 2018 in under 60 seconds

Personal finance expert Charlie Weston. Photo: Gerry Mooney
Personal finance expert Charlie Weston. Photo: Gerry Mooney
Independent.ie Newsdesk

Independent.ie Newsdesk

Budget 2018 was a case of "swings and roundabouts", INM's Personal Finance Editor Charlie Weston has said.

Finance Minister Paschal Donohoe outlined how he has allocated the State's finances for the coming year this afternoon and key points include the sugar tax, an increase in social welfare payments and €1.8bn for housing.

Mr Weston reacted to Budget 2018, saying: "There are different benefits for income tax payers.

"For example, families with two children, with one income of €55,000 a year will be about €8 better off as a result of this budget.

"But if they like a sunbed, that'll cost them. If they like a sugar drink, that's going to go up and become more expensive.

"Also, if they smoke there's an extra 50c on the pack of 20."

He continued to say that any increases in welfare payments or decreases in levies were modest.

Mr Weston said: "There's not a lot to be given out, but people got a small amount of money across the board."

Read More: Alan McQuaid: Budget 2018 starts to address the housing crisis but it's a slow burner
Read More: Mortgage interest relief cut, welfare rates up €5, and a new sugar tax: The 10 important take-aways from Budget 2018

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