What annoyed you the most?
Every budget there tends to be something that really gets your goat. It isn’t always the same thing for every person either, so today we’d like to hear about your thoughts on the budget and what aspects of it were the most ridiculous.
Giving help to the ‘boom buyers’ is up there for me. This blanket give away doesn’t look at who actually needs help, instead it just assigns very scarce money to a large cohort without any consideration towards personal circumstances.
There are many people who have big mortgages and they are making their payments every month and on time. The 100,000 mortgages in trouble are NOT all ‘boom time buyers’, and yet we are not moving additional resources towards them.
Although the transfer is not implicit from one account to another – we nearly went so far as to reduce sustenance to the disabled while looking to give free money to people who may not need it! It’s like giving medicine to healthy people while letting sick people go without.
I accept that this line of thinking coming from a mortgage broker may raise a few eyebrows, the trolls will no doubt have some fun either way, but we have always been believers in helping those who need it and letting those that don’t prosper on their own.
VAT increases on fuel will now put prices here (petrol) at near parity with Northern Ireland prices – Anybody have thoughts on what effect that might have?
Or what about the inherent ‘double-speak’ of saying ‘we won’t touch wages‘ when instead they’ll just make everything you buy more expensive, does that make any difference? One of the downsides is that we will now see ‘inflation’ where there shouldn’t be any, because instead of reducing wages we’ll make it look like prices are going up and in turn that feeds into the need to control inflation!
We are looking for the fire and brimstone this week folks! It was a big budget with something for everybody (to be angry about), so tell us what you liked or dislike the most!
Karl Deeter is Operations Manager with Irish Mortgage Brokers in Dublin