Budget 2016 is a post-recession – pre election budget
Budget 2016 achieves a fine balance of economics and politics and is clearly a post-recession, pre-election Budget. Overall it sends a strong message of confidence to businesses and households alike, allowing them to plan for the future, claimed Allan Shine at the Chamber Budget Breakfast this morning in Palmerstown House.
“ The budget is welcomed by the business community, the package of measures announced to support local entrepreneurs should be welcomed by small business owners and the start-up community generally. From a personal tax perspective, the measures announced emphasise the benefit of the economic recovery to working families. The increased cash flow generated as a result of the USC cuts should help to stimulate spending, which in turn should help to spread the ongoing recovery throughout the wider Irish economy”
The Chamber Briefing in association with AIB and the synopsis provided by PWC was presented to a room with 160 business leaders in Kildare. Shine said “ With a growing membership, it was very pleasing to see a wide variety of business sectors at the briefing. Business sentiment continues to rise in Kildare and the Chamber are especially pleased to note that several of the key issues we have raised with central and local government were actioned in this year’s budget, namely the retention of the 9% VAT rate for the hospitality and tourism sector and the reduction in CGT.