Big Budget news
In the big news of the week, it’s good news from Budget 2016 for the self-employed, low income earners and parents. According to Conor Pope, writing in the Irish Times, this year’s budget is the ‘most consumer-friendly budget since the dawn of the age of austerity’. Highlights include a cut in the Universal Social Charge (USC), a €5 increase in children’s allowance, and an extension of the Free GP scheme to children under the age of 12.
Burglary blackspots and home insurance
In other news, Louise McBride reports in the Irish Independent that homeowners living in areas with a reputation for being a ‘burglary blackspot’ could see their home insurance costs increase by around €4,000 over the course of their mortgage, as insurers look to cover their costs, particularly in relation to a rise in claims.
Consumer spending continues to rise
Finally, the Irish Examiner reports that consumer spending in Ireland continued to rise in September. That’s according to Visa Europe’s Irish Consumer Spending Index, which was established in September 2014 and tracks all spending habits on Visa credit, debit and prepaid cards.