The Minister for Finance has told the Dáil that "many families, many businesses, many workers" are facing cost of living increases which are "rising far more quickly" than before.In deciding how to tackle this other factors must also be considered, he said.
He was speaking after Labour's Finance spokesperson, Ged Nash, told the Dáil that cost of living increases mean that "people are in real trouble"The Finance Minister acknowledged the role of the Labour Party for its support and ideas during the pandemic, and without whom - he said - the economy would not have been in the strong shape it was in before the pandemic hit.The minister outlined measures the Government introduced in the budget to help people.
Speaking during Private Members' Business, where he presented a motion on the cost of living, Mr Nash warned that "the least well off bear the VAT burden when the prices go up", especially on fuel.EU states with left-wing governments are exploring an approach to get a derogation on VAT on fuel for a six month period, something the Government should pursue, he said.
Deputy Kelly said that he knows of people who have to put items back on the shelf during their shop because they cannot afford them. Minister of State at the Department of Finance Sean Fleming moved the Government's counter-motion, saying the administration is "acutely aware" of the difficulties people are facing.