03/04/2009

Cowen Says 'Major Tax Changes' Ahead

The Taoiseach, Brian Cowen, has said there will be "major tax changes" in the upcoming budget.

Mr Cowen further reiterated there will be no "silver bullet" to rescue the economy in next week's emergency budget.

Speaking at a conference in Dublin organised by the Irish Management Institute, the Taoiseach said this morning that getting the banking system back on track and freeing up credit for businesses were among the Government's top priorities.

The news comes after the Finance Minister Brian Lenihan revealed there was a €3.7 billion shortfall in the first three months of the government's revenues.

The Irish Business and Employers Confederation has been calling for the introduction of a 3% reduction in welfare payments to help save the government some extra money, however pressure group CORI Justice have rebuked the IBEC's claims.

The group said there is "no justification whatsoever" for the move, adding that more than half of all those at risk of poverty in Ireland today (55.9%) live in households headed by a person who is outside the labour force (i.e people who are older or ill, or have a serious disability or are in caring roles).

"These are Ireland's most vulnerable people and they depend completely on social welfare payments for survival," according to Dr Seán Healy, SMA Director of CORI Justice.

(DW/BMcC)

Related Irish News Stories
Click here for the latest headlines.

28 July 2011
'Hangover' Cannot Be Underestimated, Says Drinkaware
The effect of the 'Morning After' cannot be underestimated, says drinkaware.ie ahead of the August bank holiday weekend. The reality is that many people do not think about what they drank the night before when they get in the car the following morning. Fionnuala Sheehan, drinkaware.
17 April 2008
Co-Habitation Bill To Be Published Soon, Says Cowen
The Taoiseach in waiting, Brian Cowen, has told the Dáil the Government will be publishing a bill on the rights of co-habiting couples.
10 November 2010
State's Funding At Risk Says Cowen
Mr Cowen has claimed that a failure to make the proposed cuts in December's budget could put the Irish State's funding "at risk". The Taoiseach's comments were made in response to suggestions by Labour Leader Eamon Gilmore that the suggested cuts of €6 billion in the upcoming budget would "work against job creation and hamper growth".
06 February 2009
Meath Sees Largest Jump In Benefit Claims
After the Ireland-wide growth of the live-register figures, it has been revealed that Co Meath has seen the largest proportional increase per county. The central statistics agency says the number of people signing on the dole in the county was up almost 18% in January.
05 June 2008
Third Farm Organisation Advises Yes Vote
A third leading farmers' union has given its backing to the Lisbon treaty 'Yes' campaign, following in the footsteps of two other major unions. The move is a further boost for supporters of the Lisbon Treaty following the decision of the farm organisation to back a Yes vote in next week's referendum.