Ferdia2010's Weblog

Gerard's blog

Brian Cowen and the “Sheriff of Nottingham” 2009 Budget.

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Or How we blew the Boom.

2 Budgets within six months isn’t good and here is Brian Cowen to explain —

There you have it Budget 2009 and it’s nasty. Basically loads of cuts and more taxes.

  • The halving of the childcare allowance and it’s scraping by the end of the year.
  • Children’s allowance to be means tested from next year on.
  • Income Levies doubled 2% @ €15,000, 4% @ €75,000 and 6% @ €175,000.
  • Jobseekers allowance to be halved for under 20’s.
  • Health levies increased and employee prsi ceiling raised to €75,000
  • Mortgage interest relief is to be of seven years duration only.
  • No “Christmas Bonus” this year and possible reduction in social welfare rates in future years.
  •  no way cent on a packet of cigarettes and 5 cent on a litre of diesel.

There is no solutions on how to put the economy on track and get people working again. It’s a “batten down the hatches” budget and its very anti-people and lacking in idea’s.

Here some of my earlier postings.

Bleak Outlook for 2009 II & Postive Idea’s.

Boom to Bust and What do we do now ?

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Written by ferdia2010

April 13, 2009 at 7:32 pm

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