Donohoe rules out price controls to fight cost of living crisis

The Finance Minister said the Government's next anti-inflation measures will be taken in October's budget

Minister Donohoe said that the Government was funding excise duty cuts on energy from strong tax receipts. File Picture: AP Photo/Andrew Harnik

The Government is not considering price controls or price caps as part of any new measures in October to fight the cost of living crisis, Finance Minister Paschal Donohoe has said.

Speaking at a Nama event, Mr Donohoe said that price caps wouldn't work well in an economy of Ireland's size, adding that such controls would have to be paid for by the exchequer.