Stockbroking firms echo calls for social welfare cuts

Ireland's three largest stockbroking firms have today echoed calls from the employers' body IBEC for cuts in social welfare payments.

Davy, NCB and Goodbody stockbrokers made the call today while outlining their proposals for next week’s emergency Budget.

They say the Budget should not ignore changes to the level of social welfare payments in light of recent falls in average consumer prices.

Overall, the three firms say the Government needs to produce spending cuts of around €2.5bn and tax increases worth around €1.5bn.

More on this topic

Budget measure forces just five tax exiles to payBudget measure forces just five tax exiles to pay

Exchequer figures show €18.7bn budget deficit

Emergency Budget measures come into effect

Varadkar: Mortgage relief controversy shows Cabinet incompetenceVaradkar: Mortgage relief controversy shows Cabinet incompetence

More in this Section

'Significant' number of substitute teachers will be needed to cover Covid-19 absences'Significant' number of substitute teachers will be needed to cover Covid-19 absences

Medics take to bikes and buses in push for cycling lanes between Cork hospitalsMedics take to bikes and buses in push for cycling lanes between Cork hospitals

Coronavirus: One additional death and 25 new cases confirmedCoronavirus: One additional death and 25 new cases confirmed

Aviation taskforce recommends funding for regional airportsAviation taskforce recommends funding for regional airports


Lifestyle

Naomi Campbell model tells Michael Odell why she’s inspired by Black Lives Matter and the young people taking action against racial injusticeModel behaviour - Naomi Campbell at 50

Eve Kelliher explores temples of Zoom to get verdict on relocation from boardroom to spare roomWhat we've learned from world's biggest remote working experiment

As those of us who love to have friends round are tentatively sending out invitations, we’re also trying to find a workable balance with necessary social distancing rules, writes Carol O’CallaghanTable manners: How to entertain at home post-lockdown

Helen O’Callaghan says asthma sufferers need to watch pollen levelsBreathe easy: Pollen tracker protects asthma sufferers

More From The Irish Examiner