Winners and losers of Budget 2012: In pictures

There was plenty at stake in the austere Budget presented by Brendan Howlin and Michael Noonan over the past two days. This slideshow will fill you in…

By Susan Daly Wednesday 7 Dec 2011, 7:35 AM

Dec 7th 2011, 7:35 AM 4,708 Views 3 Comments

http://jrnl.ie/298771

THERE ISN’T ONE person in Ireland who won’t see the effect of Budget 2012 on their pocket in the coming year, from VAT increases on everyday goods to the household charge, benefits cuts and indirect taxes.

But these groups are particularly going to be affected – for better or for worse…

Winners and losers of Budget 2012: In pictures

Previous 1 / 17Next

Losing: Shoppers
Minister Michael Noonan reckons the 2 per cent VAT increase on most consumer goods won't hit shopping expenditure here. Pic: Eamonn Farrell/Photocall Ireland.
Winning: Publicans
Alcohol was not hit by an increase in excise duty - and the new year will see new legislation on the sale of cheap alcohol. Pic: James Horan/Photocall Ireland.
Losing: Young people with disabilities
Rates of payment for new claimants aged 18 to 21 are being cut from €188 to €100 a week .The rate for new claimants aged 22 to 24 is being cut from €188 to €144 a week. File pic: Leon Farrell/Photocall Ireland.
Winning: Farmers
Farmers were given some help in stamp duty reduction on transferring farmleand, on capital gains tax, on stock relief rate and VAT exemption on wind turbines. Pic: Eamonn Farrell/Photocall Ireland.
Losing: The third child
Child benefit payment rates will fall for the third child and onwards in a family. Lone parents will also suffer cuts to payments. Pic: Kheel Center, Cornell University/Flickr.com
Winning: Patrick Nulty. Sort of.
Labour TD Patrick Nulty, centre, won much popular support for saying he would vote against Budget 2012. He might lose the party whip for it though. Pic: Laura Hutton/Photocall Ireland.
Losing: Tax exiles
Michael Noonan closed the loophole where so-called tax exiles could be domiciled in Ireland but escape €200k tax by renouncing Irish citizenship. Pic: Niall Carson/PA Wire.
Winning: The Irish Secret Service
Yes it exists - and its €1m annual budget was left uncut. It only spent €450k of its allowance last year. Pic: Derek Hatfield/Flickr.com
Losing: Students
An increase in the registration fee, education funding cuts and new financial barriers for postgrads were in Budget 2012. Pic: Julien Behal/PA Wire.
Winning: First-time buyers
Mortgage interest relief will be boosted for first-time buyers - but they'll have to get in the market next year, Pic: Robert Lowe/Flickr.com
Losing: Home owners
There are some exceptions to the €100 Household Charge - but many home owners will be hit with it in 2012. Pic: Clyde Robinson/Flickr.com
Winning: Low earners
On one level at least - in terms of the Universal Social Charge - around 330,000 low earner will be exempt from paying the USC. Pic: Dan Moyle/Flickr.com
Losing: Widows
The number of PRSI payments required to qualify for a widow's pension has been trebled. Pic: AP Photo/Paul White.
Losing: Motorists. (Not this one.)
Increased motor tax and duties on diesel and petrol is going to make driving a more expensive occupation. Pic: Jeff Moore/Empics entertainment/PA Wire.
Losing: Those in need of healthcare
The drugs payment scheme excess has been raised and private patients may find their healthcare premiums will increase because of new reforms in charges for public beds. Pic: Erich Ferdinand/Flickr.com
Losing: Community gardai
There will be 31 additional Garda station closures in 2012, which the GRA has said will "change the genetic code of policing". Pic: Laura Hutton/Photocall Ireland.
Losing: Smokers
A pack of 20 cigarettes will cost 25 cent extra. Pic: Machechyp/Flickr.com

For TheJournal.ie’s extensive coverage of Budget 2012, click here>

Short URL

About the author:

About the author

Susan Daly

susandaly@thejournal.ie

See more articles by Susan Daly

Contribute to this story:

COMMENTS (3)

This is YOUR comments community. Stay civil, stay constructive, stay on topic. Please familiarise yourself with our comments policy here before taking part.

write a comment

Leave a commentcancel

Facebook

Twitter

Share Comment on Facebook or Twitter

∞

About Us

Corrections

Report Content

Policies

TheJournal.ie supports the work of the Press Council of Ireland and the Office of the Press Ombudsman, and our staff operate within the Code of Practice. You can obtain a copy of the Code, or contact the Council, at www.presscouncil.ie, PH: (01) 6489130, Lo-Call 1890 208 080 or email: info@presscouncil.ie

Please note that TheJournal.ie uses cookies to improve your experience and to provide services and advertising. For more information on cookies please refer to our cookies policy.

News images provided by Press Association and Photocall Ireland unless otherwise stated. Irish sport images provided by Inpho Photography unless otherwise stated. Wire service provided by Associated Press.

Journal Media does not control and is not responsible for user created content, posts, comments, submissions or preferences. Users are reminded that they are fully responsible for their own created content and their own posts, comments and submissions and fully and effectively warrant and indemnify Journal Media in relation to such content and their ability to make such content, posts, comments and submissions available. Journal Media does not control and is not responsible for the content of external websites.

Winners and losers of Budget 2012: In pictures

There was plenty at stake in the austere Budget presented by Brendan Howlin and Michael Noonan over the past two days. This slideshow will fill you in…

Losing: Shoppers

Winning: Publicans

Losing: Young people with disabilities

Winning: Farmers

Losing: The third child

Winning: Patrick Nulty. Sort of.

Losing: Tax exiles

Winning: The Irish Secret Service

Losing: Students

Winning: First-time buyers

Losing: Home owners

Winning: Low earners

Losing: Widows

Losing: Motorists. (Not this one.)

Losing: Those in need of healthcare

Losing: Community gardai

Losing: Smokers