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#HaveYourSay: We asked if you will be better off thanks to Budget 2018 and the results are in

10 October 2017 20:12
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#HaveYourSay: We asked if you will be better off thanks to Budget 2018 and the results are in

The Budget introduced a mix of moderate tax changes and Social Welfare increases against revenue raising measures including a rise to commercial stamp duty and an increase in excise duty on cigarettes.

But more than 1,300 readers who responded to Independent.ie's poll said they will not be better off thanks to the measures announced today.

Some 31pc of respondents said they would be somewhat better off as a result of the budget, while a minority (4pc) said they would be significantly better off.

The Budget has been met with mixed reaction across the board: housing and homelessness campaigners have given it a cautious welcome, while the opposition has criticised it as a "stand still" Budget and a return to the politics of boom and bust.

From midnight tonight smokers will be paying more than €12 for a box of cigarettes for the first time, following a 50c hike.

A new rate of Commercial Stamp Duty will come into effect at midnight also. The rate will rise from 2pc to 6pc tonight.

However, buyers of residential land will be entitled to claim back the stamp duty, provided that development takes place within 30 months of the land being purchased.

Source: independent.ie

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