The Week that was
■ A MASSIVE tax hike on land sales to help pay for the Budget risks making the housing crisis worse, the Government has been warned. Meanwhile, a 30c hike to the minimum wage, to €9.55, will also be divisive with Brexit on the horizon.
As Finance Minister Paschal Donohoe (above) finalised Budget
2018, he was already facing a backlash over plans to target commercial property.
■ BRITAIN and its European Union partners clashed over which side should make the next move to unblock Brexit talks.
UK Prime Minister Theresa May (above) made clear in a speech she delivered to the British parliament that she hoped her EU partners would make proposals at a new round of talks opening the way to the next stage of negotiations, saying: “The ball is in their court.”
■ FINANCE Minister Paschal Donohoe has delivered a Budget that gives small amounts to almost all sectors of society.
However, spending will be paid for by hikes in a series of taxes, which he is gambling on coming in on target.
■ A PENSION anomaly that means thousands of women are losing out on payments will not be fixed any time soon – because it would cost too much to do, the Finance Minister admitted.
Paschal Donohoe said it is “bonkers and unbelievable” that women are losing out on pension payments due to a recent change in the rules.
■ PEOPLE have died by suicide because banks took their tracker mortgages away, forcing them to overpay, a Dáil committee was told.
The trauma suffered by homeowners who had the mortgages taken off them was spelled out in harrowing detail by victims of the scandal.