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Decision Expected On Cost Of Living Measures By Tuesday

File image: Rolling News

The Government has said there will not be a mini budget

The Taoiseach says a decision on extending cost of living supports will be made by next Tuesday.

Opposition parties have been putting pressure on Leo Varadkar to renew some of the measures ahead of the February 28th expiry date.

The supports include excise cuts on petrol and diesel, VAT reductions on electricity, and a reduced VAT rate for the hospitality sector.

There has been a call for the government to introduce targeted energy price caps.

A Social Democrats motion also urges a windfall tax on energy companies, and for the money to be used to help householders pay bills.

The Social Democrats say these measures would reduce energy costs and provide security to businesses and households.

The average cost of energy is now €4,300 euro per year.

The Public Expenditure Minister Paschal Donohoe has said decisions have yet to be made on exactly what supports will be provided and whether they'll be targeted or universal.

Opposition parties insist the scale of the crisis calls for an entire mini budget to be introduced.

However, Minister Donohoe has indicated that the government will NOT be introducing a 'mini budget' to help with the cost of living crisis.

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