Households “worse off” because of budget

Households are going to be worse off next year because of the last budget.

The Economic and Social Research Institute says most will lose around 1.3 per cent of their disposable income because tax bands and credits were frozen, while temporary cost-of-living supports were withdrawn.

Its predicting economic growth of 2.1 per cent next year, compared to 4 per cent this year, and is also expecting a slowdown in the labour market

ESRI Associate Research Professor, Dr Conor O’Toole says the concerns are due to outside factors: 

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