"Vat rate expected to be cut to 9pc for the building of new apartments and homes Old-age pension to rise by around €10 Mental-health crisis teams to staff A&Es Builders and businesses are set to be the big winners in Budget 2026."
"There will be measures to reduce student costs and an increase to the old-age pension - but ministers fear a backlash from working families who may feel they are the ones being short-changed."
Budget 2026 will reduce the VAT rate to 9% for the building of new apartments and homes to stimulate residential construction and benefit builders and related businesses. The old-age pension will increase by around €10 to provide modest extra income for retirees. Mental-health crisis teams will be staffed in emergency departments to strengthen acute mental-health care. Additional measures will aim to reduce student costs. Ministers expect these measures to favor builders and businesses while risking a backlash from working families who may feel the distribution of benefits is unfair.
Read at Independent
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