http://www.rte.ie/news/business/
So next year is going to us trying to raise another additional €3.1 billion from spending cuts and tax measures.
Brain Hayes of Fine Gael said that income tax had already reached its limitations and income tax cant take anymore increases.
http://www.rte.ie/news/2013/0104/361260-brian-hayes-taxation/
So where will this money come from now and in subsequent years?
Even if they decrease welfare, there seems to be quite a struggle from unions to take any further cuts now and yet its envisioned that somehow its going to be possible to introduce further cuts next year.
Will this be croke park 3 with 4 to follow?
Can we assume that property taxes will actually be then increased next year? Apparently austerity led budgets right up to 2016?
Ive little money in the bank but i cant help but worry reading the above that if we are going in the direction of Cyprus or another bailout.