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Budget11

# budget-2011 - Wednesday 24 November, 2010

FF Heave This post contains audio

Former junior minister ‘expects Cowen to resign’ after Budget

Kildare TD Seán Power tells his local radio station he understands Cowen will go as soon as the Budget is delivered.

Your Say This post contains a poll

Poll: Which do you want to happen first: the Budget or an election?

Is it more important to have the budget passed first, or to appoint a government with a new mandate?

# budget-2011 - Tuesday 23 November, 2010

Kenny asks government to bring forward Budget

Enda Kenny says the Dáíl could pass a slimmed-down Budget allowing for a quick election – but Cowen says no.

Labour and Fine Gael clash over €6bn cuts

Both parties have called for a snap election – but can’t agree on how to impose cuts now that the IMF are on the scene.

# budget-2011 - Monday 22 November, 2010

Fianna Fáil This post contains videos This post contains audio

Brian Cowen’s statement in full

The full text of the statement delivered by Brian Cowen outside the Government Buildings this evening.

Fianna Fáil

Cowen: Government to be dissolved in the New Year

Taoiseach has no plans to resign, saying that passing the Budget is the greatest issue facing the country at this time.

Fianna Fáil ministers meet after Greens call for election

Emergency meeting being held after Green Party pushes for general election and two Independent TDs threaten the Budget.

From The Daily Edge 24-Hour Turmoil This post contains images

In pictures: Ireland’s day of economic and political turmoil

A bailout announced, a government collapsing, a department stormed… it’s been quite a day. Here’s our gallery.

This post contains audio

Budget in crisis: Lowry and Healy-Rae say support is “unlikely”

The two Independent TDs who give the government its Dáil majority say their support can’t be counted on any more.

# budget-2011 - Monday 15 November, 2010

From Business ETC Bailout Republic?

Spanish bank chief says Irish crisis ‘unfounded’

Not only that, but all our fears will vanish when the government announces its budget plans, says Fernandez Ordonez.

Workers turn down €15/hr to stay on benefits

The state’s business advisory reports that unemployed couples are better off on the Dole than taking part-time hours.

# budget-2011 - Thursday 11 November, 2010

Lowry lays gauntlet as Ó Cuív says pensions may be cut

Éamon Ó Cuív says nothing is safe in next month’s Budget – while Michael Lowry says a pension cut won’t pass the Dáil.

# budget-2011 - Tuesday 9 November, 2010

Rehn: €15bn Budget cuts programme could be revised

The European Commissioner says the four-year cuts target laid down by the EU could be tinkered with.

From Business ETC Reax

What they’re saying about Olli Rehn’s visit

A round-up of international coverage on EU Commissioner Rehn’s visit to Ireland.

Rehn repeats mantra that Ireland will lose low tax

The European Commissioner repeats his assertion that Ireland will simply have to raise tax rates in order to survive.

# budget-2011 - Monday 8 November, 2010

EU economics chief arrives for two-day budget talks

Olli Rehn will meet with the Minister for Finance today to discuss the upcoming budget.

Hey! Brian! Leave those OAPs alone

Finance Minister Brian Lenihan warned that the Greens, some FF backbenchers and independents won’t support cuts to the State pension.

The 9 at 9: Monday

Nine things you need to know by 9am: the storm that turned out to be a damp squib; 12 injured and two people die in Galway crash; iPhone alarm glitch is still not fixed as Americans wake up late for work.

# budget-2011 - Sunday 7 November, 2010

Fine Gael won’t support government over budget: Kenny

Enda Kenny says the government faces problems passing the Budget as he presents his party’s plan for running the country.

Budget could hinge on pension cuts, say backbenchers

Government backbenchers warn they won’t support budget next month if cuts to state pension are included.

The 9 at 9: Sunday

Nine things you need to know by 9am: Government backbenchers up in arms over proposed pension cuts; most people prefer higher tax to water and property charges; and Burma heads to the polls for first national election in 20 years.

# budget-2011 - Friday 5 November, 2010

Take 5: Friday

5 stories, 5 minutes, 5 o’clock.

No ‘mass emigration’ despite 100,000 leaving – Cowen

We’re “not going back” to the days of the 1980s – despite government projections of 100,000 leaving by 2014.

From Business ETC Bond Markets

Bond markets unmoved by €6bn budget package

The cost of Irish borrowing remains largely flat in spite of the government’s Budget announcements.

Lenihan’s “intense” meeting with FF backbenchers

Brian Lenihan is seen in “intense” discussions with several TDs known to oppose Brian Cowen’s party leadership.

Running out of road – but at least Olli Rehn’s happy

The international reaction to the Bloodbath Budget calls – it’s going to be tough, but Brussels seems pleased.

# budget-2011 - Thursday 4 November, 2010

This post contains audio

Bloodbath Budget: Government will seek €6 billion adjustments and foresees massive emigration

€4.5bn in spending cuts and €1.5bn in new taxes coming your way – with 100,000 expected to leave Ireland before 2014.

# budget-2011 - Wednesday 3 November, 2010

Lenihan tells BBC we still have ‘severe difficulties’

The Finance Minister tells the British broadcaster that there’s good points and bad about the Irish economy.

# budget-2011 - Tuesday 2 November, 2010

Exchequer figures reveal tax receipts ahead of schedule

Ireland raised €24.7bn in tax in the ten months up to October 31 – 1% higher than was expected.

BRIAN COWEN has told the Dáil that the Budget will still be announced on December 7, in line with the government’s earlier indications. The declaration came after Green Party senator Dan Boyle, taking the Order of Business in the Seanad this afternoon, had indicated that the date had not yet been fixed and may have been subject to change.

Lowry ‘yet to decide’ on whether to support Budget

One of the two independent TDs the government needs for its majority says the Budget is in ‘serious danger’ of defeat.

From Business ETC Bailout Republic?

Ireland has “a month to stop bailout” – UCD economist

First Colm McCarthy, now Karl Whelan says the movements in bond markets leave Ireland on the brink of default.

Greens to draw Reg Fee lines at €2,500

The fractious discussions on a new registration fee may lead to compromise within the government parties.

Primary schools face larger class sizes and fewer special needs teachers

Dept of Finance considering education cuts ranging from abolishing Transition Year, to introducing bus charges for special needs pupils.

# budget-2011 - Monday 1 November, 2010

Sinn Féin proposes 48% tax rate for Budget

The first of the pre-Budget submissions proposes €5.8bn in adjustments, including €4bn in new taxes.

Government tensions over doubling of third-level registration fees

Fianna Fáil reported to be considering raising registration fees by another €1,500, which the USI says will force more students out of education.

# budget-2011 - Thursday 28 October, 2010

“IT’S A CASE of either slash our wrists, or someone’s going to come and stab us in the heart.” Those are the words of the Green Party’s Paul Gogarty, who has told the Dáil’s debate on the economic outlook that Ireland needs to do itself harm if it wishes to avoid having outside interference in its affairs. Gogarty also added his voice to calls for ministers to lose their automatic right to a Mercedes car, saying that a fleet of cars should be pooled for use as ministers need them.

Labour lays out proposals for cutting deficit

Gilmore suggests raising tax rate for those on €100,000, while Cowen says government’s adjustment plan will rely more on spending cuts than tax increases.

# budget-2011 - Wednesday 27 October, 2010

From Business ETC Bond Markets

Government borrowing costs take yet another spike

As the government announces massive budget adjustments, the cost of Irish borrowing lies just off its all-time peak.

From Business ETC Irish Economy

Here are the awful details behind Ireland’s export recovery

Unemployment is going to sit at around 13%, says Davy Research, and currency ‘headwinds’ will hit our growth.