Ireland Budget 2018

James Enright 12.10.2018

Budget 2018 has come and gone and there are many different points of view to be digested.

Although some people are reasonably content with what Paschal Donohoe announced on Tuesday the general mood seems to be that the budget doesn’t seem to be one of innovation or creativity.

The definitive view is that this is not a budget that will overly excite the everyday worker. They will see their weekly pay package increase by a meagre €5 which will quickly be eaten up (pardon the pun) should they want to go for a nice meal in a hotel given the 4.5% increase in VAT for hospitality.

There is no doubt there are some very heavy facts and figures to come out of the budget and a lot remains to be seen as to the over reliance on tax income from MNC’s to fill gaps in guaranteeing forecasted funding for our already creaking health and social services. This could prove a very costly mistake going forward particularly with external global factors which can lead to volatility in markets and general unrest with multi nationals.

On the bright side here at Morgan Mc Kinley and La Crème we are certainly seeing plenty of activity in the Mid-West region. We are working with a number of large clients along with SME’s from Limerick to Sligo. It is a very exciting time in the region and although Paschal Donohue’s announcement may have caused dismay in some quarters the Mid-West remains very positive heading into 2019.

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