September 29, 2020
News

Nine further lives lost as €5bn economic stimulus package announced

There were nine deaths further from Covid-19 in the Republic of Ireland in the last 24 hours, the HSE said this evening.

The total death toll here is now 1,763 while the number of confirmed cases has now reached 25,826 after another seven were diagnosed.

Meanwhile, a €5bn economic stimulus package to boost the economy and to support people returning to work.

Included in the plan is temporary reduction of the VAT rate by 2% from 23% to 21% for six months while a tax rebate of €125 per person on a €625 spend in the tourism will be granted per person.

The Temporary Wage Subsidy Scheme (TWSS) will be replaced by the Employment Wage Subsidy Scheme (EWSS) until March 31, and will work as a payroll support rather than salary replacement.

To qualify an employer must be operating on no more than 70% of turnover this year compared to last year.

While the Pandemic Unemployment Payment will be extended until April, but will be reduced to €250 and €300 from September 17.

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *