Committee will also hear evidence shows those affected most by higher mortgage interests rates tend to be higher earners
It states that higher-income earners appear to be more exposed to higher interest rates as a result of their mortgage choices.
They also point to another indication, the general government balance , which showed a surplus of 1.6 per cent last year, and is likely to show a surplus of 1.8 per cent, or €10 billion, this year, even after €4 billion has been diverted to a special reserve fund. The submission also cites the difficulties the Chinese economy is experiencing as “another challenge on the horizon”.Cost of tax credits for low paid workers and increased social welfare laid out in Government papers“The increasingly autocratic nature of the Chinese regime appears to be impacting consumer and producer confidence with both Chinese consumers and companies increasingly prioritising short-term liquidity over longer-term investments,” they say.
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