MORE BUDGET PROJECTIONS

Middle-income earners are in for a tough time following the Budget. A number of measures designed to reduce the Government’s budget deficit will hit those earning more than €35,000 a year the hardest. According to the Sunday Independent, the December cuts will include:

• A universal homeowner levy of up to €200
• A hike in higher rate of income tax of 1% to 2%
• Cuts in child benefit of up to 10%