Meanwhile consumers already starting feeling the effects of Budget 2012 – after increases in the cost of petrol, diesel and cigarettes kicked in overnight.
They were some of the ‘old reliables’ hit in the package unveiled by the Finance Minister yesterday, although there are a few weeks to go until the 2 per cent hike in VAT takes effect.
Michael Noonan says it’s a budget aimed at getting the country back to work.
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Chief Economist with KBC bank Austin Hughes believes the government’s on the right track with the budget – but events in Europe will have a major influence:
