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Ireland to phase out some COVID-19 fiscal supports, extend others

Ireland to phase out some COVID-19 fiscal supports, extend

DUBLIN, June 1 (Reuters) - Ireland will begin to gradually phase out temporary coronavirus-related jobless payments later this year while maintaining other income and business supports as the economy fully reopens, Public Expenditure Minister Michael McGrath said on Tuesday. Ireland is emerging from its third and longest lockdown having had one the strictest regimes in Europe for the last 15 months, leaving more than 300,000 people who lost their jobs claiming the Pandemic Unemployment Payment (PUP). Local media reported that the PUP, which is paid out at a higher rate than regular jobless benefits, would be reduced from September and withdrawn by February 2022.

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