‘Ultimately, nobody will pay anybody, and that’s the killer. Then everything stops'
With homebuyers‘ mortgage approvals falling by the wayside, tourism facing a disastrous summer and very little business being done elsewhere, anxiety is growing among the public – and the politicians
Willie O’Dea had just left a “virtual rally” for Debenhams workers when the Business Post contacted him at his office last week.
With several hundred workers from the chain’s Limerick store among the 2,000 staff nationwide who’ll have no jobs to return to when the Covid-19 restrictions are lifted, the event was an important opportunity for them to connect with union reps and politicians.
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Budget 2022: More than 400,000 new jobs to be added to the economy
Minister for Finance heralds ‘remarkable rebound’ in employment outlook
Analysis: What to expect on Budget day
There will be complaints from the opposition that the government has not gone far enough in raising the state pension and welfare payments while many workers will feel underwhelmed by increases of 2-3 per cent in income tax bands and credits worth around €250 per year on average
Government drafts new bill to reform limited partnerships after offshore revelations
The Pandora Papers show Irish Limited partnerships are used to make Ireland a ‘de facto’ offshore location for business in countries like Russia and Ukraine
Playing the percentages: Budget 2022 to reflect new reality of a changed game
Paschal Donohoe and Michael McGrath are receiving the usual entreaties from various interest groups, but this year the biggest factor of all is Ireland’s upcoming departure from a 12.5 per cent rate of corporation tax