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National Recovery Plan

 

Minimum Wage to be Cut

Posted on January 20, 2011

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 […]
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Categories: Budget 2011, Minimum Wage, National Recovery Plan, Welfare Benefits

 

Labour Party Budget Proposals

Posted on December 3, 2010

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 […]
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Categories: Budget 2011, National Recovery Plan

 

Budget 2011 – Fine Gael Alternative

Posted on December 3, 2010

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 […]
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Categories: Budget 2011, Income Tax, Minimum Wage, National Recovery Plan, NPPR

 

National Pension Reserve Fund Almost Empty

Posted on November 28, 2010

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 […]
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Categories: Bailout, NAMA, National Recovery Plan, NPRF

 

Carbon Tax to Double by 2014

Posted on November 24, 2010

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 […]
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Categories: Carbon Tax, Four Year Plan, National Recovery Plan

 
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