Govt working on inflation-loan scheme for businesses

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The Tánaiste has said that the Government is working on an inflation-crisis loan scheme for businesses, one that is similar to schemes that were in place for Brexit and the pandemic

Leo Varadkar said that the Budget will not get on top of the cost-of-living crisis, but that it will take another six months or a year to"tame inflation".

He was responding to Sinn Féin's Pearse Doherty, who said thousands of families are being"abandoned" by Government as the Dáil begins the summer recess while the latest Consumer Price Index report from the CSO, showed inflation has hit a 38-year peak. "Today this Dáil will rise for its recess and won't return until September. But workers and families will continue to struggle, week in week out, over the summer months with the cost-of-living crisis."Mr Varadkar responded that there is an"unprecedented" set of scenarios, including the pandemic and war in Ukraine, leading to inflation rising at a faster rate than in the past 40 years.

 

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Wonderful. That's all the Mica Houses, 100,000 apartments and now the old unsecured Business loans,Not to mention the facial recognition for the Girds and a 13 billion train to the airport, CASH! PS Remember not to leave your pets or children alone in locked cars this weekend

Put them into even more debt to pay for a clusterfk of the government's making. Excellent idea.

And the govt will publish the details as soon as the get a peak at the SF scheme

Economic illiteracy doesn't fix anything.

Where's RTEs tweet on the new polls...thay has FFFGG sinking

When there is a scheme for nearly everything , this tells you it’s not working

The same as his one Leo still waiting

What about us? The broke ass people paying your wages with the 2nd highest taxes in Europe. Do we even matter to this scum? We need to drag them from their big houses and show them what life is really like.

Loan scheme ur hole

Probably wait till after their holidays. Hopefully this government ends Sri Lankan style.

Sole traders won't qualify again I suppose

Nothing for those who can’t afford to pay electric gas food etc etc noooooo but businesses get handouts

Businesses that are now ripping people off.

Cost of living crisis and Leo and chums are looking to help out their business buddy's...again...won't anyone think about the multinational conglomerates!

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Heavy energy users in line for State support this winterGovernment working with European Commission on both a grant scheme and a loan programme for business hit by energy price hikes I bought a hot tub and it's a whore on lecky do I qualify? 😜 IrishTimes Increase taxation on individual & family to subsidise corporate elite. Is this part of the neo-liberal policy that catherinegalway talks about? It was most prevalent in '08 with the socialisation of debt & the privatisation of wealth.Failed economic system depending on your lens
Source: IrishTimesBiz - 🏆 6. / 77 Read more »