This afternoon.
At Government Buildings.
Minister for Finance Paschal Donohoe poses with his Budget 2019.
Mr Donohoe will deliver his budget to the Dáil at 1pm.
UPDATE:
He can be watched live in the video link above.
UPDATE:
Minister states that current expenditure will not keep pace with growth in national income. He calls this ‘prudent’. It’s actually called squeezing public services and living standards. #Budget2019
— Michael Taft (@notesonthefront) October 9, 2018
€60m extra in capital funding this year to fund additional emergency accommodation ‘so no-one has to sleep rough this winter’. €30m next year for homeless services #Budget2019
— Nick Rabbitts (@Nick468official) October 9, 2018
Minister blurring the distinction between expenditure on new public houses and subsidies to the private sector for existing houses. A little disaggregation wouldn’t go amiss. #Budget2019
— Michael Taft (@notesonthefront) October 9, 2018
€300 million for affordable homes. Spread out over three years – €100 million per year pretty unambitious. And this could end up subsidising high market prices if not direct build and sell. #Budget2019
— Michael Taft (@notesonthefront) October 9, 2018
Donohoe confirms the affordable housing strategy is ‘Serviced Site Fund’ – which already exists to the tune of €75 million! – in which State provides infrastructure for sites, rather than doing construction itself. Will be capitalised up to €310 million over 3 years. #budget19
— Gavan Reilly (@gavreilly) October 9, 2018
100% interest relief for landlords with loans from purchase, renovation or improvement of a rental property #budget19
— Gavan Reilly (@gavreilly) October 9, 2018
We need to build houses but landlords get a public subsidy – on top of rising rental income. Perverse situation: tenants subsidise landlords through high rents and now they are increasing their subsidy to landlords through the tax system. #Budget2019
— Michael Taft (@notesonthefront) October 9, 2018
Fantastic announcements in #Budget19 for new housing. Does anyone remember exactly a year ago when govt announced €750m Home Building Finance Initiative to build 6,000 homes? No? Just as well, it’s delivered precisely nothing.
— NAMAwinelake (@namawinelake) October 9, 2018
50c per pack of 20 cigarettes, as widely signalled. €12.70 for a pack now. Minimum excise duty being introduced on tobacco, so cigarettes below €11 have same excise as those above it
— Gavan Reilly (@gavreilly) October 9, 2018
Welfare: Donohoe restores 100pc Christmas Bonus for 2018, and €5 a week on all welfare payments from March (I understand March 25th). Paid parental leave from November 2019, offering two weeks’ extra leave, eventually rising to seven. Back to School Allowance up €25. #budget19
— Gavan Reilly (@gavreilly) October 9, 2018
Prepare your push alerts for this #budget19 bombshell: "Our 12.5% corporation tax rate will not be changing."
— Gavan Reilly (@gavreilly) October 9, 2018
Earlier: Derek Mooney: No Budget Surprises Anymore










What possible justification could there be for giving landlords tax relief?
So that they won’t raise the rents another 12% next year cos they have more they can claim back. In practice, it’s just going to be more money in their pocket and many will continue to gouge upwards.
It’s really annoying me. You’d think it obvious that landlords will set rates at the upper end of current market limits to maximise return on investment. Maybe ethically dubious at the moment, but understandable and to be expected. Giving them more money could never be expected to change that. Doesn’t seem to be anything introduced here that will actually help.
I won’t ask SF to comment as they are up to their necks in the landlord racket.
Anne-Marie?
Justification for tax relief for landlords : A looming election.
That christmas bonus on the dole has always confused me.
In a time of near full employment, here’s a little reward for avoiding getting a job
In a time of near full employment the few people without jobs probably – though not necessarily – have pretty good – or, from their point of view bad – reasons for it. Inasmuch as there is a recovery, they are being left further and further behind. This isn’t a reward. This is scraps from the table.
the Christmas christian spirit is strong in you Ro
It’s just sour grapes, I haven’t had a bonus in 20 odd years, they just don’t exist in my profession
bonus fist bump for you, bud
Bonus hug.
anyone got stats for what percentage of this much vaunted nearly full employment number are being paid minimum wage or lower?
genuine straight question, I can’t find anything definitive
I had a good look there for a recent income distribution chart but no joy here either.
yeah
see that’s the problem with strap line statements like “near full employment”
isn’t it? they don’t really provide useful information at all do they
anyone got a breakdown of what “near full employment” means? would really like to know what percentage of that are people earning minimum wage or less.
@Cian? you’re normally a good one for numbers….you got something on this?
On the phone at the momemt.
I don’t know if that is available. There is a breakdown by salary. But I don’t know if it distinguishes between someone earning €10-hr for a 35 hour week vs €25-hr for a 20 hour week
https://www.cso.ie/en/releasesandpublications/er/lfs/labourforcesurveyquarter22018/
https://www.statista.com/statistics/377005/employment-by-economic-sector-in-ireland/
Seems to be a little vague and only till 2017 and you have to buy for more information and the categories are broken simply by Industry, Agriculture & Service Sector
https://www.cso.ie/en/media/csoie/newsevents/documents/census2016summaryresultspart2/Chapter_3_Employment_by_sector.pdf
The second one is more comprehensive but seems to up till 2016 that it goes to
So 144,300 on the live register? 6% unemployment. Under FG’s watch, a lot of funny tricks have been played to take people out of the labour force – for example, if I have run out of jobseekers benefit but have more in savings than the means-tested amount to qualify for job seekers allowance, I would move to the “Not in labour force”.
Figure 3.2 in the CSO link “Industry not stated” => industry unregulated, likely gig-economy
Why is our entire political establishment incapable of buying a suit that fits?