Saturday November 28, 2020

Paying top-rate Covid supports for a year would cost state €16bn

McGrath warns that running PUP, wage subsidy and business support schemes at original levels for 12 months would be unsustainable

Aiden Corkery

Political Correspondent

@aiden_corkery
20th October, 2020
Michael McGrath, the Minister for Public Expenditure, said an extra €900 million would be spent on the Covid-19 support schemes over the next six weeks. Picture: Rollingnews.ie

Running Covid-19 payment supports at their top rate for an entire year would cost the state €16 billion, a level that is unsustainable, Minister for Public Expenditure Michael McGrath has warned.

The government announced a reversal of recent cuts to the Pandemic Unemployment Payment (PUP) on Monday night in light of the decision to move the country into a level 5 lockdown for six weeks. The top rate of the PUP will revert to €350...

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.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

The pandemic has exposed new chinks in the military’s armour, but if three straightforward measures are implemented, a process of renewal can begin

Cathal Berry | 9 hours ago

Minister for Justice reveals to Dáil that Leo Varadkar told her he thought Séamus Woulfe would be a ‘good judge‘

Michael Brennan | 1 day ago

Minister for overseas aid Colm Brophy says pandemic could see girls as young as 12 forced into early marriages as funds for schooling dry up

Aiden Corkery | 3 days ago