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Help With Energy Bills On The Way This Winter

The Environment Minister says people can expect supports for their energy bills in the late autumn t...
Caoimhseach Connolly
Caoimhseach Connolly

10:31 AM - 7 Sep 2022



Help With Energy Bills On The...

News

Help With Energy Bills On The Way This Winter

Caoimhseach Connolly
Caoimhseach Connolly

10:31 AM - 7 Sep 2022



The Environment Minister says people can expect supports for their energy bills in the late autumn to early winter.

However Minister Eamon Ryan hasn't confirmed what form the supports will take.

The energy and cost of living crisis tops the agenda at Cabinet this morning, as the government prepares for Budget 2023 announcement on the 27th of September.

Minister Ryan says the government was right in its decision not to a mini-budget during the summer to deal with the rising cost of living.

Inflation remains at a 38-year-high of 9.1 per cent, as energy, food and housing costs continue to rise.

"I think it was absolutely right for us to hold our fire, to wait to see what the real situation was in the autumn. And that's where we need to provide supports. That's the right time to do it.

"We held back. A lot of people were arguing that we should have done a mini budge in the summer, but we said at the time, no, because the time this is gonna hit is in the late autumn and early next year."

Meanwhile, the independent economic think-tank the ESRI has warned the government will need to walk a tightrope to avoid making inflation worse.

Research Professor with the ESRI, Kieran McQuinn, says the government will need to be cautious when deciding where to spend.

"The government has to walk a tightrope between, on the one hand, ensuring that those households which need help the most are insulated as much as possible from the increase in costs."

"But on the other hand, the government has to make sure that whatever it does, doesn't exacerbate the inflation pressures, because when the government puts money into the economy, in terms of increased payments and welfare payments, et cetera, that does tend to potentially stimulate inflationary pressures."



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Bills Budget 2023 Cost Of Living ESRI Eamon Ryan Energy Environment Government Kieran McQuinn

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