REVEALED: Government’s leaked plans for Ireland’s austerity budgets |

The documents formally outline the government’s plan to increase the higher rate of VAT from 21 per cent to 23 per cent – two years ahead of the conditions required by the original EU-IMF deal – and plans to increase a number of other taxes. They also outline the areas in which the government proposes to cut spending by €2.2bn in the Budget – mostly through cutting expenditure in social welfare, cutting the numbers working in the public service, reforming public pensions and cutting capital expenditure. Read more…

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Filed under Democracy, Economism and neoliberalism, Financial crisis

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