Fine Gael's plan to implement a mini-budget for businesses within the first 100 days of the next government has been scrapped due to concerns about global instability and economic uncertainty. The party had initially promised an €800 million mini-budget that included a reduction in the VAT rate for the hospitality, entertainment, and hairdressing sectors, a PRSI rebate for SMEs, and a new energy grant scheme. However, negotiations resulted in a compromise, with the VAT changes now planned for the next budget in October.
plan to unveil a mini-budget for business in the first 100 days of the next government has been dropped amid concerns about international instability and economic uncertainty.
During government formation negotiations, party sources indicated that this was a key red line. The programme for government, published this week, promised VAT changes as part of the next budgetary process instead.during negotiations, including around business. “The issue of changes to the VAT rate was a big one for Fine Gael during the talks,” the source said, adding that it had become “contentious”.Biden’s legacy will be tarnished by his vanity and stubbornness“There were compromises.
ECONOMY FINE GAEL VAT BUSINESS GOVERNMENT
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