Tuesday October 20, 2020

Motor tax rise to hit large cars

Finance minister Brian Cowen will be forced to raise new revenue - including a rise in motor tax - to pay for modest income tax reliefs in Wednesday’s budget.

1st December, 2007

Finance minister Brian Cowen will be forced to raise new revenue - including a rise in motor tax - to pay for modest income tax reliefs in Wednesday’s budget.

A sharp deterioration in the exchequer finances, shown in new official figures, means he will also have to announce a borrowing target of close to 1 per cent of GDP next year.

Cowen and his Department of Finance officials are thought to be still working...

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