Daft Property - Irish Property News

Householder to carry heavy can for errant banks... HOUSEHOLDERS will be hammered. That is the clear message from the four-year austerity plan issued yesterday by the Government. In plain language, if you own a home, have a pension and a son or daughter in college, you will end up more than €4,600 a year worse off by the time all of the changes in this plan have been implemented. Many of the changes will impact early on in the four-year plan, putting additional pain on family budgets. Middle Ireland is set to pay an extortionate price for the failures of our banks, our regulators and the Government. And significantly, there are no measures in the four-year plan to levy the errant banks. Instead, homeowners will bear the brunt. Personal finance experts last night warned the taxes, levies and charges would push many families over the edge financially. The downturn has left many consumers just one bill away from financial collapse. The severe measures in the four-year plan could be enough ...