Tuesday, October 14, 2008
expect ours to be tougher
Unemployment is also predicted to continue spiralling, peaking at 7.3% in 2009. Mr Lenihan said: "We are a small nation facing a major challenge in these uncertain times. "We must all pull together if we are to return to more prosperous times." Taxes in Ireland are set to rise as the Irish Government seeks to raise an extra 2 billion Euro to meet spending targets. A 1% income tax levy on annual salaries over 100,000 Euro is to be introduced and VAT will be raised by 0.5%.