Thinktank warns against tax cuts

The Nevin Economic Research Institute has called on the Government not to introduce any tax cuts in next month’s budget and to implement €800m in consolidation.

Taoiseach Enda Kenny has said over the past week that the Government will look at ways of reducing the income tax burden in the next budget.

However, the institute, in its latest quarterly commentary on the economy, said there was no fiscal room for tax cuts. Instead, it wants investment in social housing, education and high-speed broadband infrastructure.