Heavy borrowing to finance Covid supports to continue for rest of year Additional borrowing of almost €3bn will be required to finance economic stimulus plan
about an hour ago
Government has signalled that the large fiscal response to the pandemic will be wound down in the second half of the year as the country opens up and the economy recovers. File photograph: Getty
Your Web Browser may be out of date. If you are using Internet Explorer 9, 10 or 11 our Audio player will not work properly.
The Coalition will continue to borrow heavily to finance Covid supports for the rest of this year, growing the budget deficit and the national debt, but will seek to wind down the exceptional spending and broaden the tax base into next year.
There is mixed reaction from Clare businesses to yesterday’s announcement on the National Economic Plan. The extension of existing supports has received a broad welcome, however, one hotelier believes a review should be carried out into the Employment Wage Subsidy Scheme at the end of the summer. The plan, which aims to get 2.5 million […]
Leo Varadkar writes to every business owner in Ireland
Reporter: );
);
The Tánaiste and Minister for Enterprise, Trade and Employment Leo Varadkar T.D. is writing to every registered business in Ireland to thank them for their efforts to date in keeping people safe during the pandemic and to update them on changes to financial supports in light of the reopening.
The letter from the Tánaiste, which is issuing to approximately 225,000 businesses registered with the Companies Registration Office (CRO), acknowledges the pivotal role businesses have played in keeping people safe.
In the letter, the Tánaiste states: “Businesses and employers have made a huge contribution to keeping us safe and now, thanks to your sacrifices, co-operation and the efforts of all our citizens, we are in a position to gradually reopen our economy and society. Our vaccination programme is on schedule. By the end of the week, nearly three million doses will have been administered and we expect
Tánaiste thanks Irish businesses for Covid efforts rte.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rte.ie Daily Mail and Mail on Sunday newspapers.