Social Democrats call for new tax on 'super wealth'

Party unveils its alternative budget, which includes a third tax band and a €25 increase in social welfare rates

Social Democrats leader Holly Cairns: The party's alternative budget includes a €25 increase in social welfare and a rise in the minimum wage. Picture: Gareth Chaney/ Collins

A new tax on "super wealth", a third tax band and a €25 increase in social welfare rates are among measures sought by the Social Democrats in their alternative budget.

The party brought forward its alternative budget, entitled “Unlocking the Future”, which proposes an €8.2bn increase in government spending.