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

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…

Leave a comment

Filed under Democracy, Economism and neoliberalism, Financial crisis

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s