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Tanaiste Admits Measures To Ea...

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Tanaiste Admits Measures To Ease Cost Of Living Haven't Worked

Laura Donnelly
Laura Donnelly

12:48 3 Feb 2022


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The Tánaiste has admitted the budget measures to ease the cost of living haven't worked.

Leo Varadkar is meeting unions later to discuss measures to ease the burden of inflation.

Officials in the Departments of Finance, Public Expenditure and Social Protection have been tasked with coming up with ways to address the cost of living ahead of a Cabinet sub-committee meeting next week.

No decisions have been made, but plenty of kites are being flown.

Suggestions include reducing VAT in some areas, lowering motor tax, looking at the price of petrol and diesel or an enhanced electricity voucher.

Vouchers for food will be discussed, but are seen as difficult.

Extending the fuel allowance season, lowering stamp duty on credit cards or targeting fees for things like passport and drivers licence renewals will also be looked at.

But the Department of Finance is cautious.

Economists are worried about putting more money into an economy with record savings, which could in turn actually increase inflation further.

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