Opinion Editorial

Friday 15 December 2017

Bleak outlook as more pain ahead

When he gets up to deliver his Budget speech on December 6, Finance Minister Michael Noonan will inflict further pain on Irish families.

With the Government now committed to raising €1.6bn from new taxes and increases in existing taxes in next month's Budget, every household in the country will be an average of more than €1,000 a year worse off in 2012.

And the pain will continue for at least three more years, with the Government now pledging to take a further €12.4bn out of the economy between now and 2015.

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