Friday April 10, 2020

Cost of extra economic support could rise to more than €15 billion

Government is preparing additional income support for workers and businesses and higher spending on the health service

Ian Guider

Markets Editor

@ianguider

Michael Brennan

Political Editor

@obraonain

Killian Woods

Business reporter

@killianwoods
22nd March, 2020
Paschal Donohoe told the : “I understand the needs of our companies, businesses and wider society very well

The bill to the state from the impact of coronavirus could top €15 billion as the government prepares additional income support for workers and businesses and higher spending on the health service.

Work behind the scenes is ongoing this weekend to ready proposals that would see employees in companies temporarily closed by measures to prevent the spread of the virus receive a percentage of their salary in moves that could be unveiled in the next...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The financial ecosystem is being turned on its head, but there are ways to counterbalance your exposure to a coronavirus recession

Shay Garvey | 17 hours ago

Fund to increase emergency funding facility to €100bn as half of its 189 members seek aid

Claire McNamara | 18 hours ago

Daily figures on the spread of coronavirus come with pros, cons and caveats. Here’s how they are compiled – and what to watch out for

Rachel Lavin | 18 hours ago