The Last Word with Matt Cooper What Is In Budget 2026?
Oct 7, 2025
Daniel McConnell, Editor of the Business Post and seasoned political reporter, joins the discussion on Budget 2026. He shares insights on the political ramifications for Fianna Fáil amidst internal tensions. Notably, he assesses the anticipated impact of the hospitality VAT cut on consumers, raising doubts about its trickle-down effect. McConnell also warns of potential structural deficits if current revenue patterns shift, highlighting the balancing act between fiscal prudence and social needs. His analysis paints a vivid picture of the budget's broader significance.
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Plan For Limited Worker Relief
- Workers should not expect meaningful universal tax relief from this budget.
- Consider planning for higher outgoings since modest USC band change has minimal impact.
Claim Rent And Mortgage Reliefs Promptly
- Claim available housing-related credits like the rent tax credit if eligible.
- Expect some to avoid claiming due to administrative burden, so act promptly to secure entitlements.
Immediate Hit From Carbon And Excise Hikes
- Carbon tax increases raise petrol and cigarettes immediately, while a new e-liquid tax more than doubles vape prices.
- These measures hit low- and middle-income households directly through daily costs.