How much better off will people be from Budget 2027?
Summary
Dr. Corina Dorley of the ESRI analyzes Budget 2027, concluding that tax and welfare measures merely keep pace with inflation, resulting in little real change to household incomes. She highlights that child poverty rates will remain virtually unchanged due to a nominal freeze on child benefit, despite targeted payments. Additionally, the report criticizes untargeted energy tax cuts for benefiting all households rather than protecting vulnerable groups from price shocks.
Topics discussed
Introduction and guest welcome
Budget 2027 vs inflation and income growth
Impact on child poverty and childcare
Critique of untargeted energy tax cuts
Economic capacity and inflationary effects
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