Government accused of giving up on inflation

THE Government was accused last night of giving up on tackling inflation following the announcement of Budget 2003.

Finance Minister Charlie McCreevy predicted that inflation next year is expected to come in at 4.8% following budget increases to VAT, excise charges, and stamp duty.

But the head of the country’s largest union said inflation will rise well above 5% as a result of measures introduced by Mr McCreevy.