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

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:

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...

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