Monday 19 March 2018

Cost of living to soar as post-bailout era arrives

The Troika may have departed but the mantra of austerity seems to be very much alive

The cost of living is set to soar in the aftermath of the bailout
The cost of living is set to soar in the aftermath of the bailout
21 charges coming your way
Jerome Reilly

Jerome Reilly

MIDDLE- income families will have to fork out up to €2,000 more this year as they are hit by a dizzying array of hidden stealth taxes and prices hikes.

The Sunday Independent today reveals the full 21 new tax hikes, levies and cost of living increases that will hit householders from this month as the first demands for bigger payments drop through the letterbox.

Older people and young singles will also feel the full force of austerity in the next 12 months as the post-bailout era kicks in with a huge swathe of new charges that will leave every adult with less in their pockets at the end of each month. More taxes on savings, a State raid on pensions, increased health insurance prices and bigger bills for transport, education, fuel and utilities as well as a full year of the property tax will mean families will have to find thousands of euro extra to keep their head above water in 2014.

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