{"id":646944,"date":"2026-10-06T23:50:09","date_gmt":"2026-10-06T23:50:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/646944\/"},"modified":"2026-10-06T23:50:09","modified_gmt":"2026-10-06T23:50:09","slug":"who-are-the-biggest-losers-in-budget-2027-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/646944\/","title":{"rendered":"Who are the biggest losers in Budget 2027? \u2013 The Irish Times"},"content":{"rendered":"<p class=\"c-paragraph paywall \">In a budget that showed how to give away money in lots of different ways, but contained few measures to actually raise it, you could be forgiven for thinking that nobody would feel shortchanged.<\/p>\n<p class=\"c-paragraph paywall \">Apart from low earners who might have expected being better off than those benefiting from the hike in the higher income tax threshold, few groups were openly expressing displeasure on Tuesday evening.<\/p>\n<p class=\"c-paragraph paywall \">Small business owners were, however, far from thrilled.<\/p>\n<p class=\"c-paragraph paywall \">There had been something of a campaign to persuade <a href=\"https:\/\/www.irishtimes.com\/tags\/peter-burke\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/peter-burke\/\">Peter Burke<\/a> to reject the recommendation of the Low Pay Commission, but no minister for enterprise had ever done that \u2013 and Burke approved it, taking the minimum wage to \u20ac14.94 an hour (up 79 cent), or above \u20ac30,000 annually for the first time.<\/p>\n<p class=\"c-paragraph paywall \">The <a href=\"https:\/\/www.irishtimes.com\/tags\/small-firms-association\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/small-firms-association\/\">Small Firms Association<\/a> said that despite being part of the Government\u2019s Cost of Business Advisory Forum, \u201cwhich established a 63-recommendation roadmap to ease non-pay regulatory and administrative burdens\u201d, the increase in the wage \u201ccompletely dismantles and neutralises any prospective relief before businesses can even see it\u201d.<\/p>\n<p class=\"c-paragraph paywall \">Finbarr Filan, chairman of small business representative group <a href=\"https:\/\/www.irishtimes.com\/tags\/isme\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/isme\/\">ISME<\/a>, said the increase would \u201cadd further pressure on businesses that are already struggling with rising costs\u201d. <\/p>\n<p class=\"c-paragraph paywall \">Workers on the minimum wage might argue they were struggling with rising costs themselves.<\/p>\n<p class=\"c-paragraph b-it-article-body__interstitial-link\">[\u00a0<a aria-label=\"Open related story\" class=\"c-link\" href=\"https:\/\/www.irishtimes.com\/your-money\/2026\/10\/06\/budget-ireland-2027-main-points\/\" rel=\"noreferrer nofollow noopener\" target=\"_blank\">Budget 2027 main points: income tax rate changes; \u20ac10 increase in pension and welfare ratesOpens in new window<\/a>\u00a0]<\/p>\n<p class=\"c-paragraph paywall \">Those families set to benefit from the reductions to the highest childcare costs will be understandably pleased at the thought of saving up to \u20ac2,220 per child per year.<\/p>\n<p class=\"c-paragraph paywall \">However, they will be careful not to get ahead of themselves with spending the money, as that will not take effect  just yet. <\/p>\n<p class=\"c-paragraph paywall \">Unlike most other measures announced in the budget, the benefits aimed at the childcare sector usually only come into effect the following September, so  families will basically be awaiting for the savings until 2028. <\/p>\n<p class=\"c-paragraph paywall \">Early Childhood Ireland, which represents childcare and creche workers, welcomed the move, but lamented what it called the lack of more substantial measures to  counteract  losses of staff in order to improve recruitment and retention in a sector that suffers from acute staff shortages.<\/p>\n<p class=\"c-paragraph paywall \">\u201cWhile we understand that the Government has made a commitment to parents to reduce fees, this will not expand places or improve wages for this essential workforce,\u201d said Frances Byrne, the organisation\u2019s director of policy. <\/p>\n<p class=\"c-paragraph paywall \">\u201cInstead, we expect to see significant, increased demand for early-years services, and settings simply won\u2019t be able to meet it.\u201d <\/p>\n<p class=\"c-paragraph paywall \">The budget did not include any extension to temporary mortgage relief, which had been worth up to \u20ac1,250 annually to qualifying households.<\/p>\n<p class=\"c-paragraph paywall \">Commuters are set to be up to \u20ac150 a year worse off after the Government  opted against providing any assistance that might offset expected fare increases.<\/p>\n<p class=\"c-paragraph paywall \">Climate activists might be upset by that too, although perhaps not as much as they will be by the Government\u2019s move to cut carbon taxes on gas and heating oil \u2013 and the Budget 2027 commitment  not to increase them again \u201cin the lifetime of this Government\u201d.<\/p>\n<p class=\"c-paragraph paywall \"><a href=\"https:\/\/www.irishtimes.com\/tags\/green-party\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/green-party\/\">Green Party <\/a>leader <a href=\"https:\/\/www.irishtimes.com\/tags\/roderic-o-gorman\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/roderic-o-gorman\/\">Roderic O\u2019Gorman<\/a> described the move as \u201cpathetic\u201d.<\/p>\n<p class=\"c-paragraph paywall \">He said the move meant the budget for retrofit grants will be cut in real terms.<\/p>\n<p class=\"c-paragraph paywall \">One Family Ireland, an advocacy group that campaigns for single parents, expressed disappointment that more had not been done to support lone-parent families.<\/p>\n<p class=\"c-paragraph paywall \">It argued that no increases had been announced  for the One Parent Family Payment and Jobseekers Transitional Payment, Housing Assistance Payment or Rental Accommodation Scheme. <\/p>\n<p class=\"c-paragraph paywall \">The <a href=\"https:\/\/www.irishtimes.com\/tags\/irish-property-owners-association\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/irish-property-owners-association\/\">Irish Property Owners\u2019 Association<\/a>, meanwhile, said an opportunity had been missed to introduce measures that would keep private landlords in the market.<\/p>\n","protected":false},"excerpt":{"rendered":"In a budget that showed how to give away money in lots of different ways, but contained few&hellip;\n","protected":false},"author":2,"featured_media":646945,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[5168,72,8934,61,60,144159,4104,24985,12361,3582,126406],"class_list":["post-646944","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-budget","tag-business","tag-green-party","tag-ie","tag-ireland","tag-irish-property-owners-association","tag-isme","tag-low-pay-commission","tag-peter-burke","tag-roderic-o-gorman","tag-small-firms-association"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/646944","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=646944"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/646944\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/646945"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=646944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=646944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=646944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}