WE HAD the An Bord Snip Nua report with it’s proposal for €5.3 billion in cuts. Now we are awaiting the report from the Commission on Taxation. Media “leaks” indicate that its proposals will include a property tax, water charges and a carbon tax and the guarantee of no increase in corporation tax.
Families are already stretched by the impact of the last two budgets, on top of this for many workers in the private sector they have had to endure pay cuts and public servants have had their pay cut through the imposition of the pension levy.
The government in Britain will be hoping that the Jubilee flotilla of 1,000 ships on the river Thames will serve as a useful distraction while it pushes through more swingeing cuts.