Size of package that will benefit people this year has not yet been decided, Harris says
Speaking outside Government Buildings on Wednesday morning, Mr Harris said although inflation is cooling, this has not yet been felt by all households or businesses. The size of the cost-of-living package has yet to be decided, however.
“Obviously, the composition of the package, the size of it, and all of that, will be a matter for engagement across Government and will be announced on budget day on October 1st.” “I think it’s important to remember that lump-sum payments were introduced at a time when inflation was running at a very high rate and, thankfully, inflation has dropped considerably since then. However, the cost of going to the supermarket is still expensive, groceries are expensive. There’s no doubt about that. And lump sums have proved very, very popular.”
“I’m happy to reiterate today that it’s our intention to establish that early next month. The exact structure of it and timeline will be a matter for the chair and the panel that we have put in place. But I expect progress on that next month.”
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