FG favours €3 in cuts for every €1 in extra taxes

FINE GAEL favours making €3 in spending cuts for every €1 raised in extra taxes.

Labour, meanwhile, has accepted that taxes are “going up”, but insists it can devise a package of cuts and tax hikes that is fair.

Further detail on the respective stance of each party came over the weekend as they prepare to enter talks with the Government on the possibility of a consensus on budgetary strategy.