Tag Archives: Tommy Corbett

WHILE it was a giveaway budget, Paschal Donohoe did take a measured approach and kept an eye on the future, according to Tommy Corbett of Ennis company Carey Corbett Financial Solutions. “In the main it was a very targeted approach. They wanted to look after those on social welfare and the lower paid, but also targeted towards the squeezed middle, and those with children in university,” he said. Regarding those on social welfare, he said, “There’s a €12 increase in the rate of social welfare and the pension. There’s also an increase in the fuel allowance of €400 as far as I know, and they’ve also widened the net for those applying for the fuel allowance. There’s something like 80,000 more people will be able to apply for fuel allowance.” And what measures will benefit the so-called squeezed middle? “The increase in the tax band from when you go from paying 20% to 40%, that went up by €3,200. If …

INFLATION was a reality before the invasion of Ukraine, but the war is going to exacerbate it significantly, says Tommy Corbett of Ennis based Carey Corbett Financial Solutions. “We’ve had inflation for the last 12 months, mainly driven by supply chain side and the disruption of supply chains on goods coming from afar. There was also pent up demand. “People hadn’t spent money during Covid, and when it was finished they had a lot more money in their pockets and tended to spend a bit more. But from now on what’s happening in Ukraine is going to drive it even further. Things like wheat will come into play and the supply of gas and oil is going to dry up and that’ll drive things even further.” The rise in petrol and diesel prices is one of the starkest reminders, he feels. “It’s hitting home when you got to the pumps and see it’s €2 or even €2.14 or €2.15 a …

INFLATION was a reality before the invasion of Ukraine, but the war is going to exacerbate it significantly, says Tommy Corbett of Ennis based Carey Corbett Financial Solutions. “We’ve had inflation for the last 12 months, mainly driven by supply chain side and the disruption of supply chains on goods coming from afar. There was also pent up demand. “People hadn’t spent money during Covid, and when it was finished they had a lot more money in their pockets and tended to spend a bit more. But from now on what’s happening in Ukraine is going to drive it even further. Things like wheat will come into play and the supply of gas and oil is going to dry up and that’ll drive things even further.” The rise in petrol and diesel prices is one of the starkest reminders, he feels. “It’s hitting home when you got to the pumps and see it’s €2 or even €2.14 or €2.15 a …