As announced as part of the Four Year National Recovery Plan – the national minimum wage is going to be cut from €8.65 an hour to €7.65 an hour. This is a 12% drop. The new rates come into effect on February 1st 2011 One of the reasons given for this cut is to help […]
Continue reading…
National Recovery Plan
Labour Party Budget Proposals
The Irish Labour Party released details of their proposals for Budget 2011. The main points we picked out are as follows : A new tax band of 48% on joint incomes over €200,000 (single incomes over €100,000),and a reduction in the personal credit of €250. Abolish Air Travel Tax Increase in the rate of carbon […]
Continue reading…
Budget 2011 – Fine Gael Alternative
With Budget 2011 due in 4 days time – Fine Gael today released their ideas for the Budget and the 4 Year Plan. Some of the main points are : No income tax increases in 2011 before recovery takes hold, and limiting income tax increases to half the levels proposed by Fianna Fáil over the […]
Continue reading…
National Pension Reserve Fund Almost Empty
The National pension Reserve Fund is being raided used as part of the bailout agreed by Ireland . Figures on how much of the NPRF will be used range from €9 to €12.5 Billion . A total of €17.5 billion of state funds are to be used as a condition of the bailout . The […]
Continue reading…
Carbon Tax to Double by 2014
In the Four Year Recovery Plan released today – there is mention of a 100% increase in the Carbon Tax in Ireland by 2014. Carbon Tax was introduced in May 2010 and it put about €43 on 1000l of heating oil and about €75 a year on average gas bills in Ireland . The […]
Continue reading…