Taoiseach says not all measures will be retained but no decision taken yet on keeping lower VAT rate for hospitality
“Notwithstanding the actions that Government has taken, notwithstanding rising incomes, almost full employment, a lot of people – maybe even most people – are seeing their real incomes fall because their spending power has been reduced, because prices have gone up so much,” he said.
He said a number of actions that will temper inflation and price increases will occur in the new year, including increases in the State pension, minimum wage and social welfare payments; reductions in income tax; and a further energy credit; as well as reductions in the cost of childcare. Asked if housing could be the issue on which the Government loses the next election, Mr Varadkar said he was not going to spend the next two years fighting the next election.
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