Finance Minister Paschal Donohoe gives PUP update ahead of September rate cut

  • 📰 IrishMirror
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 98%

Business News News

Business Business Latest News,Business Business Headlines

The cut to the PUP payments is due for September, according to Finance Minister Pascal Donohoe.

The Government will press ahead with plans to cut the Pandemic Unemployment Payment from September, the Finance Minister has said.

The payments will begin to be wound down by €50 starting in September as the government aims to move PUP recipients back to the basic jobseekers rate – €203 for a single person. "The reason why we're committed to doing that is that we are actually going to be extending the pandemic unemployment payment out to the start of next year, we are going to be reducing it but we're going to be reducing it gradually in three different moves," Mr Donohoe told RTE's Morning Ireland.

He added: "It has now been in place for well over a year and as the health emergency begins to improve, we also will need to change the kind of emergency payments that we've had in place.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines