Budget 2010: The Good and the Bad

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If you are looking for indepth stuff on the budget, you wont find it here! Vists Suzy and Irish Election if you are looking for that sort of stuff! This is my reaction to the budget, which I mostly missed due to college. Hence why I wasnt tweeting.

General Reaction: My first reaction is that this budget won’t make a whole load of difference to me. Things may get cheaper with VAT and Excise cuts, but the carbon tax may cut the savings on it. Yes this is a selfish reaction, but this is how we all react to the budget. How will it effect me!

The Good: So what was good in the budget? The public sector pay cuts were needed. It is a pity there wasn’t an agreement on it, but it needed to happen. The 10% cut in the Taosieachs pay (he took the other 10% already) was a move in the right direction, and so is the cut in ministers pay. The reduction of VAT back to 21% was a good move, but maybe he should have taken a full per centage off it? I agree with the cut in social welfare if you refuse a job.

The Bad: The budget is a bit of fob in my opinion. Its tokenistic to being green. The forestry scheme (which was explained to me by Peter) is a complete and utter fob! The scrappage scheme is like what the hell? Who wanted that? The cut in social welfare is hard to defend and as Suzy points out wont be as protested against as the Pension cuts last time.

“Unlike older people, people with disabilities and their carers, children and the unemployed are not as mobile to protest or vote for that matter.”

The Carbon Tax then is another way of putting more excise on petrol and diesel and will actually increase the cost of everything as everything has to be transported. The 50c on the Medical Card Prescription Items is going to take a while to get used to. I am still still trying to fathom the drop in the excise on drink? Why did that happen? Also why no increase in tobacco excise? I had smokers giving out last night over that has they were hoping for an increase as an incentive to give up smoking!

So thats my opinion. There is no doubt that this budget is a half-arsed fob. Where are the concrete actions, where is the stimulus for Irish Business? Not the banks.

The Government has its priorities wrong and Richard Bruton was right to mention TK Whittaker and Sean Lemass in his remarks considering they had a vision for Ireland and pulled us up by our laces. This budget doesn’t even tie them!

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Author: Stephen

Cork born and bred, proud European and Irishman. Involved in many organisations and politics. Also writes for SpirtualityIreland.org and UCC Express.

2 thoughts on “Budget 2010: The Good and the Bad”

  1. “The 10% cut in the Taosieachs pay (he took the other 10% already) was a move in the right direction, and so is the cut in ministers pay.”

    Actually that’s incorrect. It IS a 20% cut. Noonan/Bruton tried misrepresenting this point – which kind of annoed me cos I like Bruton and would vote for Fine Gael next election ONLY cos of him….. but I won’t cos I could never vote for any party who would advocate Enda Kenny as a national leader. He’s outa his depth – Big Time !!! Hard not to cringe when he speaks.

    “The reduction of VAT back to 21% was a good move, but maybe he should have taken a full per centage off it?”

    Yeah, I agree.

    “I agree with the cut in social welfare if you refuse a job.” Agreed, but not sure if that can be effectively implemented.

    “The Bad: The budget is a bit of fob in my opinion. Its tokenistic to being green.”

    I disagree. There’s way too many “green” measures to be described as tokenistic. E.g. Forestry, Electric Car/Van incentives, Water Metering, Car Scrappage Scheme (less carbon emmissions), Carbon Tax, etc. as well as the home “weatherising” schemes being compiled for implementation in new year.

    “The forestry scheme (which was explained to me by Peter) is a complete and utter fob!”

    Not if you see its dual purpose – both “green” and horticultural investment.

    The scrappage scheme is like what the hell? Who wanted that?

    Lstening to the head guy in the motor industry (SIMI), he said they are delighted cos it’s exactly what they were campaigning for prior to the budget. It was a great success last time it was implemented. It’s also a very good “green” incentive cos the 10+ years old scrapped cars emit lots more carbon than new cars.

    “The cut in social welfare is hard to defend and as Suzy points out wont be as protested against as the Pension cuts last time.”

    Why is it hard to defend? It’s only 4.1%. Much lower than was expected, and close to what was given in the 2008 budget – so it’s like just taking that back. And deflation means people are getting more for their money than last year anyway.

    “The Carbon Tax then is another way of putting more excise on petrol and diesel and will actually increase the cost of everything as everything has to be transported.”

    Not really. Cos with petrol costing more people will naturally go for electric cars/vans – and even more so now that there’s no VRT to be paid on electrics… so this is all good news.

    “The 50c on the Medical Card Prescription Items is going to take a while to get used to.”

    Don’t think it will break the bank – especially when there’s a ceiling of 10 Euro per month on it. After that further prescriptions are free.

    “I am still still trying to fathom the drop in the excise on drink? Why did that happen?”

    Cos according to a government survey of cross border shoppers, most people said they were mainly attracted by the cheaper alcohol prices in the North. The Vintners Association/Retailers said they are very happy with these reductions as part of a broader effort to reduce cross border shopping.

    “Also why no increase in tobacco excise? ”

    Cos the current high cost of tobacco has been an important factor in the recent growth of illegal cigarette smuggling.

    “So thats my opinion. There is no doubt that this budget is a half-arsed fob.”

    That’s a strong negative assessment considering you’ve asked a lot of questions about the various measures rather than rationalise why they’re negative.

    I’d like to see a national government in place with Bruton, Linehan, Gilmore and a few more ……. definitely without Biffo, Mary Coughlan, Mary Harney and a few more.

    Sorry for going on a bit, lol. Working nights this week and on a break. :0)

    Good Blog. :0)

  2. The green fob was descriobed as such by peopkle involved with green issues. It is fob and is a pittance and wont make much of a difference.

    Helena if petrol and diesel go up, transport goes up. meaning milk, bread etc increase in price. thats what im on about. Think about it. Its not good news, it will knock some of the reduction in VAT and Excise.

    Tobacco should increase.

    It is a fob like no doubt about it. So much more could have been done.

    A job stimulus, etc are more important now, then trying yto get people to buy new cars whioch they cant afford cause they dont have a job. This is why the budget is a half-arsed fob.

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