Categorized as: Syndicated News

Coalition looks to bailout exit as Ministers defend tough budget

TDs in both Coalition parties have expressed relief at the public reaction to the budget.

Senior figures from both parties believe the budget marks the turning point in the lifetime of the Coalition, with austerity and high unemployment about to give way to growth and jobs.

International reaction to Budget 2014

Much of the international coverage of the budget focused on Minister for Finance Michael Noonan’s pledge to tackle the use of stateless Irish companies by US multinationals to lower their taxes . However in France and Germany, coverage of austerity featured strongly.

Five things you won’t see in this year’s budget

A cut in the number of Dáil deputies:

Ireland currently has 166 TDs representing 43 constituencies throughout the State. Although the Government said it would reduce the number of TDs back in 2011, it proposed cutting deputies by only eight overall.

SFA Budget 2014 Reaction

Roll over relief on Capital Gains Tax positive for entrepreneurs and small business

Concerns bank levy will be passed onto business and consumers

Continued pension funds money grab very negative

Budget 2014 in quotes

As Budget speeches go, it was workaday performance from Michael Noonan to a nation jaded by austerity. Hardly renowned for barnstorming theatrics, the Finance Minister delivered his latest multibillion-euro package of cutbacks and tax hikes with near resignation.

Apart from a flourish of humanity, borrowed from poet and one-time senator WB Yeats, Mr Noonan stuck to his straight-speaking style for a measured delivery which was quietly absorbed.

More spirited was …

No repayment likely from EU for our bank bailouts

GERMAN Finance Minister Wolfgang Schaeuble has said Europe’s bailout pot is unlikely to be available to help Ireland recover part of the cost of our bank bailouts.

Ireland’s bailout programme ‘a success’ – Asmussen

Jörg Asmussen, a member of the European Central Bank executive board, has said that he expects Ireland to exit the bailout by the end of the year.

He said Ireland’s bailout programme had been a success, but he said there were still “pending risks” in the banking sector.

Budget 2014: What it means for business

The decision to reduce the size of fiscal adjustment from €3.1 billion to €2.5 billion was the correct one and will soften the negative impact of the budget on economic growth. The budget also included a number of welcome initiatives to support business and

How leading CEOs viewed Budget 2014

* Antoin Dempsey

Dublin Wine Rooms

The budget is bitter sweet for our industry. I am relieved at the retention of the 9 percent VAT on food but the increased duty on the wine is nothing short of a joke. It’s already the highest in Europe and this is the second increase in

Angry exchanges in Dáil over Budget 2014

There have been clashes in the Dáil over the Budget provisions, with Taoiseach Enda Kenny dismissing comments by Fianna Fáil leader Micheál Martin as “opportunistic blather”.