Business representative organisation Ibec has described yesterday's budget as "largely well balanced".
The group said that by focusing on expenditure reductions and broadening the tax, the budget will have "limited negative impact on growth and jobs". The group highlighted the abolition of the 15 per cent redundancy rebate as a disappointment but said this was the only significant cost for employers.
"Taking €3.5 billion out of the economy will clearly hit domestic businesses and households but...
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