Budget 2011 - Speculation?

Wakeupcall

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That time is almost near again. The time for pain and corner turning. What do you anticipate will be cut or *ahem* gained by the people in this coming budget?
 


HarshBuzz

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Feb 28, 2008
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That time is almost near again. The time for pain and corner turning. What do you anticipate will be cut or *ahem* gained by the people in this coming budget?
20% reduction in tax-free earnings
 

clunk

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Apr 20, 2010
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Extra few cent on the litre of petrol/diesel
Second home tax increased to €500
 

DCon

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20 fags - 20 euro

pint - 7 euro
 

Asparagus

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an emigration tax
an and don't come back tax
an unemployment tax (PAYDE)
a OAP tax (PAYEWYWY)
20 billion capital injection to Anglo
Increase on cigarettes, alcohol, fuel
Benchmarking tds salaries to Man City first team wages
 
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Cuts in Child Benefit.
Scrapping of half rate carers allowance, phased out.
Closure of 1 Hospital.
Introduction of property tax.
Increase in Road Tax.
Increase in petrol tax.
 

jacko

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further cuts in social welfare

new social levy will be universal and take in a lot more than PRSI

standardised property tax on all homes in advance of valuation scheme being implemented
 

louis bernard

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Rent allowances to be cut big time
Cigarettes to go up by €1 a packet
A few cents on petrol/diesel
Across the board increases in income tax rates.
 

grafter1

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Apr 1, 2010
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Capital Spending €1Bn Cut

Child Allowance cut from €150 to €135 per child per month.

PAYE Tax Credit cut to €1,000

Abolition of PRSI Ceiling

Tax Bands narrowed substantially

Fags Another 50c

Petrol/Diesel Unchanged

Social Welfare Cut from €196.30 to €185 per week

Second Home From €200 to €400
 

Cassandra Syndrome

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Representative of the IMF to commend the Budget to the house.
 
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Cuts Cuts Cuts.
Less money for the plebs to pay debts.
Banks run to government for bail out.
Government bring in more cuts to fund the banks.

down and down we go.
 

nonpolitic

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Jun 4, 2010
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Let's see now, where to start.

50c on cigarettes. SW payments down by €6-10. 5c on petrol, new prsi type system to be applied to all workers. 2nd home tax up to €240. Flat rate property tax, water charges in advance of valuations/metering.

Betting tax to come back in some form. Banking levy to be introduced, but will only fall payable when banks show a profit again, this will just be for optics. All non sw pensions will be brought into tax net, if not there already. Have I missed anything.
 

gijoe

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There's be at least another billion gone from the social welfare bill
I agree that this and more needs to happen. But can you identify where the €1billion would come from. The excuse of the circa €8 a week cut on most payments was rationalised on deflation of prices last year but that excuse is not there this year. Where is the €1billion coming from this year?
 

the_rebubblican

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Mar 24, 2010
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I don't think they'll hit social welfare payments again. There will however be a slew of amendments to conditions of entitlement which will bring the departmental bill down. Water charges may be a runner as its more acceptable than property tax which is inevitable. The second home tax will rise for sure. A change in bands and application of income tax to lower income is definite. Semi states, cost of civil service and public adminstration to get away untouched. Health service charges increased to penalise user and discourage the poorer in society from accessing services. Changes to tax on private pensions? Nah, too many big boys waiting for that. Whatever else, be it the old reliables or whatever there is a danger that it will be one more punch that may put a steadying economy on its back. All this delivered with wheezy statesmanlike charm by the finance minister everybody loves but who can't add. The ship of state although holed badly sails on...rocks ahoy!
 

cyberianpan

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What of course is interesting is that no progress has been made on the Croke Park deal

It takes a lot of effort to cut fat from the system

I'm not sure that a promise "sure we'll find savings of €1b during the year"... is good enough for budgetary planning

Thus yet again the PS workers have screwed the country... though hopefully they'll have to take another paycut, rather than the rest of us paying their bloated wages.
 

the_rebubblican

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What of course is interesting is that no progress has been made on the Croke Park deal

It takes a lot of effort to cut fat from the system

I'm not sure that a promise "sure we'll find savings of €1b during the year"... is good enough for budgetary planning

Thus yet again the PS workers have screwed the country... though hopefully they'll have to take another paycut, rather than the rest of us paying their bloated wages.
I'm sure a big palaver will be made about "potential savings" there which will never materialise as envisaged. Semi States and public sector/administration are directly within the remit of government and should be revolutionised with an emphasis on value and thrift. We all know it's not going to happen, too much like work for this lot. They'd much prefer a sweeping cut that hits anyone and everyone thereby dulling the pain for their core electorate. Lenihan in the grand old tradition of FF will use a scythe instead of a scalpel. Your saviour's lineage does not betray him.
 

Red_93

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Low earners will be taxed, even though they're most likely to go out and spend everything they have - providing a boost to the economy, unlike high earners who wil likely save in a recession. Welfare in it's various forms will be cut. Property/water taxes will be re-introduced. State assets will be sold at knock-down prices.
 

adamirer

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May 16, 2007
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What of course is interesting is that no progress has been made on the Croke Park deal

It takes a lot of effort to cut fat from the system

I'm not sure that a promise "sure we'll find savings of €1b during the year"... is good enough for budgetary planning

Thus yet again the PS workers have screwed the country... though hopefully they'll have to take another paycut, rather than the rest of us paying their bloated wages.
How exactly have PS workers 'screwed' the country? What exactly have PS workers done or what power had they to do anything?
They took all the tax hikes the private sector did, they took a big hit with a pension levy and then they took a big pay cut.

How exactly, were you hit in the last budget????
 

Red_93

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How exactly have PS workers 'screwed' the country? What exactly have PS workers done or what power had they to do anything?
They took all the tax hikes the private sector did, they took a big hit with a pension levy and then they took a big pay cut.

How exactly, were you hit in the last budget????
Yes, not being in the PS myself, I think it's just a stupid right wing witch hunt to blame the PS for all our ills. They didn't cause the crisis, took 15% pay cuts, and still people are banging on about them.
 


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