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Thu 04 Apr 2009Ibec urges Government to cut social welfare rates by 3%
APRIL BUDGET:EMPLOYERS ARE urging the Government to reduce social welfare rates by 3 per cent in its supplementary budget next week.
In a submission published yesterday, employers’ group Ibec said that an adjustment of €3 billion in net terms was the most that the economy could bear in the current point of the business cycle. It said that two-thirds of this should come from expenditure reductions and one-third from increases in taxation.
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