Taoiseach acknowledges high prices, urged to address cost of living
Taoiseach Micheál Martin admitted that prices are elevated, sparking a debate on the cost of living during Leaders’ Questions. Government ministers are cautious about spending due to US tariff threats. Sinn Féin leader Mary Lou McDonald criticized the government for not addressing rising costs faced by households. The Budget will include supports for cost-of-living and food inflation, with measures like VAT reduction on gas and electricity. However, concerns remain about high electricity prices in Ireland.
Prices are at a relatively elevated level, acknowledged Taoiseach Micheál Martin during Leaders’ Questions dominated by a debate on the cost-of-living. Government ministers ruled out one-off cost-of-living measures in October’s budget, citing caution with spending due to US tariff threats. Inflation has fallen since its peak around the time of the Ukraine war outbreak.
Sinn Féin leader Mary Lou McDonald criticized the Taoiseach for the government's lack of sensitivity to struggling households and workers. She highlighted increases in home heating oil, petrol, and diesel prices in recent months.
Martin assured supports in the upcoming Budget for cost-of-living and food inflation. He mentioned measures like extending VAT reduction on gas and electricity, increased fuel allowance eligibility, free HRT for women, and a higher Carers Support Grant.
McDonald criticized high electricity prices in Ireland, citing a 30% difference from the EU average. The ESRI finds it challenging to explain the disparity in electricity prices compared to other EU countries.
According to the source: The Journal.
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