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Thursday 7 December 2023 Dublin: 10°C
good budget bad budget

Poll: Is your business really any better off after Budget day?

We look at what’s in Budget 2015 for business and ask how much it all means to you.

WHILE MULTINATIONALS MULL over Ireland’s headline-grabbing move to shut the Double Irish tax loophole, has taken a deeper look at what’s in this year’s Budget for the real engine room of the economy.

Small and medium enterprises (SMEs) make up over 99% of all Irish businesses and employ nearly 70% of the private-sector workforce, and we want to know how good a job you think the government has done with yesterday’s financial roadmap.

First, here is a summary of some of the highlights, and lowlights, from Finance Minister Michael Noonan’s delivery:

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What’s the reaction?

Most business groups have given the budget an overall nod of approval with Ibec, which counts several multinationals and Ireland’s biggest companies among its members, particularly glowing in its praise.

“This is a good budget for the economy; it will support business and consumer confidence and crucially it improves personal spending power for 2015,” the lobby group said.

But the Irish Small and Medium Enterprises Association (ISME) gave the government a spray for delivering an “uninspiring” Budget for entrepreneurs that did nothing to fix the unfair tax discrimination against the self employed.

So there are the details and a few opinions but the real, €1 million question is: Do you think your business will be better off thanks to this year’s Budget?

Poll Results:

About the same (466)
Too early to say (243)
No, slightly worse (199)
No, much worse off (169)
Yes, slightly better (159)
Yes, definitely better off (116)

All this month, as part of’s in-depth coverage of the small- and medium-enterprise (SME) sector, we will be looking at key money matters for local businesses and entrepreneurs.

If you know an SME or startup that is doing interesting things in money management let us know by sending an email below.

READ: Here’s Michael Noonan’s Budget 2015 speech in full >

READ: What I Learned: One TD’s journey from the cabbage farm to the Dáil >

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