Carbon tax hike planned in budget 2021, but income tax won't change

Budget 2020: carbon tax will increase but there will be no change in income tax rates, the finance minister has confirmed. Pictured earlier this month at Dublin Castle are (l to r) Minister for Finance Paschal Donohoe, and Minister for Public Expenditure and Reform Michael McGrath. Photo: Sasko Lazarov/Rollingnews.ie

Income tax will not be touched in the upcoming budget but carbon tax is to increase, the Finance Minister Paschal Donohoe has confirmed.

The Government is now working on the assumption that Britain will crash out of the EU in January without a deal and will be borrowing between €15bn and €19bn next year.