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All eyes on government buildings ahead of budget announcement

Tuesday, 13 October 2015 07:51

The big giveaway is in the form of cuts to the Universal Social Charge which the government wants to abolish by 2020. 

It's budget day and speculation is continuing to build about what the government have in store for next year.

It's been reported tax cuts and spending increases worth €3 billion will be unveiled - twice what was previously expected.

The big giveaway is in the form of cuts to the Universal Social Charge which the government wants to abolish by 2020. 

Smokers look set to be the only ones who will suffer as 50 cent is slapped on a pack of cigarettes. 

Leeside traders are hoping the expected tax cuts will raise consumer mood and boost spending in the run up to Christmas. 

Meanwhile many restaurants are hoping the government retains or even lowers the vat rate of 9%.

Speaking to RedFM News Brian Drynam of Perry Street Market Café, which was recently named Ireland's Friendly Business for Shop layout, says the current Vat rate needs to be retained for job creation and consumer growth:

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