A leading Clare Economist says a tough Winter is to be expected for households in light of soaring oil prices.
A barrel of Brent Crude Oil which is extracted from the North Sea is today trading at $111, an increase of over 59% since the beginning of the Iran War.
The Government has already ruled out the possibility of introducing an emergency budget and has signalled its focus is on cost of living measures in Budget 2027.
Ennis-based economist and Assistant Professor of Social Policy at UCD Micheál Collins says it’s a situation we have little control over.
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