Varadkar has 'no objection' to USC cut in October's budget

The USC has been earmarked by Fianna Fáil as a means of cutting taxes for lower-income workers in particular, in contrast to Fine Gael’s desire to cut tax for middle-income workers

Taoiseach Leo Varadkar said he had 'no objection in principle' to a reduction in the USC, but  negotiations on the overall budget tax package still needed to be hammered out. Picture: Gareth Chaney/Collins

Taoiseach Leo Varadkar has indicated there may be a cut to the Universal Social Charge (USC) in the upcoming budget.

It follows calls made by Fianna Fáil TDs and senators at the party’s pre-budget meeting yesterday, where they urged Finance Minister Michael McGrath to cut the tax.