Every household will get Budget day 'gain' - McGrath

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The Government will use money generated by an EU cap on energy company profits to assist households and to protect jobs, the Minister for Public Expenditure has said.

Michael McGrath promised that every household would get a"gain" on Budget day in two weeks' time to alleviate the impact of rising energy costs.

Leo Varadkar added that a series of interventions are expected to help families and businesses with rising energy costs within this calendar year and next year. His comments come after the Taoiseach said that Budget 2023 will include cost-of-living measures, but there is no final figure currently set on what that amount will be.

He said the specifics are being worked out, but the principle of saving jobs - as was done during the Covid-19 pandemic - will also apply in this crisis. "The principle, the idea of helping and intervening to protect jobs, is one that clearly has merit," Mr Martin said.

 

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