Taoiseach says details on the controversial cement levy have yet to be worked out

The Taoiseach has defended the new concrete levy, claiming it would increase the cost of an average three-bedroom semi-detached house by around €3,000 to €4,000.

Icheál Martin doubled down to keep it but said the finance bill would deal with the issue “in view of the drafting of the proposals”.

There is a possibility that the levy will be levied with some new exceptions. According to the budget figures published last week, 80 million euros are to be raised annually.

“I have already pointed out that the expense of fixing the pyrite and mica problems and housing shortages is very significant expense – and it is desirable to have some source of income,” he said.

This isn’t meant to cover government spending, he said, but “to show people that where there’s massive spending, there must be revenue.”

But he said the details were “being worked out”.

Fianna Fáil and Fine Gael TDs remain opposed to the 10 per cent budget levy on concrete to fund mica compensation as they remain concerned that the €11 billion advertising budget has failed to boost support from both parties .

A Fine Gael TD told this Irish Independent that the 10 percent levy seemed counterproductive in the midst of a real estate crisis.

“It is forecast to raise at best €80m per year – a drop in the ocean compared to what is required. It may come at a high political price,” a Fine Gael TD said.

But Fianna Fáil social spokesman Willie O’Dea said he would wait and see how it would work, as announced in the finance bill.

https://www.independent.ie/irish-news/politics/taoiseach-says-details-on-controversial-cement-levy-still-to-be-worked-out-42036381.html Taoiseach says details on the controversial cement levy have yet to be worked out

Fry Electronics Team

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