Monday October 26, 2020

Budget 2013: How the middle got squeezed

In the wake of another austerity budget, a typical couple with small children will now be finding life much tougher than they did five years ago, writes Emma Kennedy.

9th December, 2012
'Not only are young couple Siobhán and Patrick facing massive negative equity on a boom-time property purchase, but the latest round of budgetary changes will see them down by almost €4,000 a year between 2008 and 2013.'

Five years ago, when Budget 2008 was delivered by the then Minister for Finance, Brian Cowen, Irish taxpayers had little sense of just how long the road ahead would be.

December 2007 marked Cowen's fourth delivery of the budget speech, but it was the first one he'd had to make against a challenging economic backdrop. The property market had turned sour and the economy was starting to get shaky, but still ahead lay a worldwide meltdown...

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