Two Roads Converged

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90358852-1noonan

The electronics department at Arnott’s, Dublin (top) and Michael Noonan (above), Minister for Finance in the Dáil this afternoon.

– Child Benefit to rise €5 per child
– New 8% USC rate for those earning over €70,000
– Entry point for USC raised to above €12,000
– Water Charges Relief “worth up to” €100
– Income tax relief on water charges “up to max” of €500
– 41% Income Tax rate reduced to 40%
– Price of 20 cigarettes to rise by 40c from midnight
9% VAT rate to stay
– ‘Double Irish’* tax arrangement to be abolished

More as he delivers it.

RTÉ Budget 2015 Live (RTÉ)

*Will not affect existing companies availing of the Double Irish until 2020.

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21 thoughts on “Two Roads Converged

  1. bobsyerauntie

    Noonan looks like he’s just about to drop dead. His hands are shaking, his face is grey, and he keeps coughing up snots from the back of his throat. Shouldn’t he be retired by now? He is 71 for fecks sake….

      1. bobsyerauntie

        That’ exactly what I was saying, surely he should be resting at his age and retired..
        They are like ghouls in there..
        Animal farm..

          1. Don Pidgeoni

            I read 20c but that was pre-announcement.

            Give up TK!! Or give it to me – I’ll burn through that 7 euro on outrageously priced pastries!!

    1. ReproBertie

      Given their performance in the recent polls and the improvement in the economy the giveaway was always coming. Standard FF tactic under McCreevy was a couple of giveaway budgets leading up to the election and then a clawback in the first post election budget. Will the people be fooled/bought again?

      1. Delacaravanio

        It all depends on whether the rest of the Eurozone tanks or not. Some very scary stories emanating from the rest of the EU.

  2. andyourpointiswhatexactly

    I find it oddly comforting to hear Noonan say “mill-on”. I dunno why.
    He’s also fond of saying two-fourteen and two-fifteen.
    The substance of what he’s saying is less pleasing to me, though.

  3. Pretendgineer

    They’re establishing a low pay commission next year. I suppose this is to find more ways of encouraging low or no pay “jobs”.

    So many weasel words in that jobs section.

  4. Kieran NYC

    Ha. They finally ease up on austerity, and people jump on it as a ‘give-away budget’.

    You people are loony.

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