Exchequer faces €13bn hole as population ages – Finance

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Seen & heard: Dermot Desmond’s Canouan plan; consumers wary on green cost; and Siptu’s 16% airport wage claim via IrishTimesBiz

has warned of a potential €13 billion hole in the public finances by 2030, according to a submission by it to the Commission on Taxation and Welfare. The Business Post reports that finance mandarins have warned that issues such as the support of an ageing population and health service needs may add €7 billion to annual costs, while up to €6 billion in taxes may also be lost, due to shifts away from fossil fuels and also decreases in corporation tax.

and reported by the Business Post. The survey also suggests that one-third of people are reducing the amount of meat and dairy they consume.has lodged a pay claim for a near 16 per cent rise for workers at beleaguered Dublin Airport, which is at the centre of a crisis over security queues that have caused many passengers to miss flights in recent weeks. Siptu is seeking the pay rise to be spread over three years and backdated to May 2020.

 

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