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Tánaiste says savings in Budget will help families

Tánaiste Simon Harris
Tánaiste Simon Harris speaking at the Fine Gael think-in in Amber Springs Hotel, Gorey, Co Wexford

Tánaiste and Minister for Finance Simon Harris has said that hundreds of euros saved in the Budget in relation to income tax will help families.

Speaking after a Fine Gael think-in in Amber Springs Hotel Gorey, Co Wexford he was asked about the impact of inflation in light of the ECB rate hike.

People want to know Government "gets it," he said, noting that the Budget was "25 days away, I think tomorrow".

Mr Harris wants to see the Budget "as an opportunity to reset on a number of big issues that I think the Irish people want to see us make progress on".

He wants to make "sure that people who work hard can get ahead of this country and not just get by making progress, not in a temporary way but in a structural way".

He said the Budget must be seen in the round and as one of four budgets.

Mr Harris said he believes the Government "can make a significant impact cumulatively on the life of a middle-income earner".

The Tánaiste said he is very concerned about what is happening in the global energy market but said there are levels we can pull that can make a difference.

He said it is important not to chase inflation.

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"Allowing the establishment of saving and investment accounts actually is a deflationary measure," he claimed.

"The measures we've put in place to help with energy costs with excise have actually helped suppress inflation growth."

He has indicated that the Government will seek to provide some certainty in the Budget on energy costs.

In what is viewed as a likely reference to both the carbon tax and the excise cuts on motor fuel, Mr Harris confirmed the matter was discussed at a cross-Government meeting yesterday.

"This is challenging. It's really challenging. If you lock it in too far in advance, who knows where oil prices will be?" he said.

The minister added that the Government is now looking to see if it can "make a move in the Budget that provides some degree of clarity and certainty?"

Mr Harris said "energy, childcare, social welfare system and tax" were also discussed.

He stated that the Government plans to make a significant impact cumulatively for the middle-income earner.

Fine Gael says that its main priority heading into the Winter is that people benefit in their daily lives from the strength of the economy.

The party has already been framing the language to describe its approach to Budget 2027, which will be outlined on 6 October.

Fine Gael is committing itself to rewarding hard work and reducing the costs facing households, with a particular focus on childcare and energy.

The party will also emphasise the need for increased supports for older people, carers and those with disabilities, while insisting that budget measures must be delivered responsibly to protect the public finances over the longer term.

The delivery of infrastructure, defence, and supports for small businesses and farmers are also on the agenda.