'We can't stand idly by': Government under intense pressure to tackle cost-of-living crisis 

Ministers have repeatedly said they won’t consider any new cost-of-living crisis package for hard-hit households and businesses until the budget in October.

The Government will find it “extremely difficult” to resist intervening in the cost-of-living crisis before the October budget with the country being hit by “a perfect storm” of price hikes.

The European Central Bank (ECB) announced yesterday it is to raise interest rates next month, its first such move in 11 years, signaling more financial pain for mortgage holders. While there was no formal Cabinet discussion on the ECB move, several ministers voiced their concern to the Irish Examiner about their government’s messaging on the crisis.