Sign up to The Irish Times Archive (1859 - 2008)My Account »
Tue 12 Dec 2010Severe Budget cutbacks will see drop in living standards
Middle-income workers, families and social welfare recipients will bear the brunt of a €6 billion fiscal adjustment announced in the Budget today by Minister for Finance Brian Lenihan.
The first instalment of the Government’s four-year recovery plan will see a broadening of the income tax base, a 4 per cent reduction in most social welfare payments and an increase in petrol and diesel prices.
Choose a Subscription type - required
