The Government will phase out the Pandemic Unemployment Payment by February 8th next year.
While they've extended the Employment Wage Subsidy Scheme to the end of the year.
That's under the new National Economic Plan.
The plan sets out how Ireland is expected to recover over the coming months and years.
Taoiseach Micheál Martin sets out their targets for getting people back to work:
"These are rooted in the overall ambition to drive a jobs-rich recovery."
He says he wants, "to exceed pre-pandemic employment levels, by having 2.5 million people in work by 2024."
At the launch of the National Economic Plan Taoiseach Micheál Martin says aim is 2.5m people in the workforce by 2024. Tánaiste Leo Varadkar says he believes this plan will lead to the economy ‘taking off like a rocket’ pic.twitter.com/cVUJtrsiOi
— Seán Defoe (@SeanDefoe) June 1, 2021
PUP Will Be Cut By €50 In September
As more people pick up jobs, pandemic supports will be phased out.
The Pandemic Unemployment Payment will be cut by €50 in September.
Then again in November, before Ministers scrap it in February.
The wage subsidy scheme will last until the end of this year.
A billion euro investment in our shared future. Half the fund secured for Green recovery projects including a commuter rail corridor in Cork for transport-led housing development.
Full details of the path ahead:
🔗https://t.co/GBRuqkU69f pic.twitter.com/C4fv5Dr7XS— Eamon Ryan (@EamonRyan) June 1, 2021
Support Not Slashing Says Varadkar
While the 9% reduced VAT rate for the hospitality sector has been kept until September 2022.
Other business supports like the CRSS payments will continue into the autumn.
Tánaiste and Business Minister Leo Varadkar says it's support, not slashing:
"I believe, with this plan, our economy is going to take off like a rocket."
Good.
It was a bizarre flaw in the local property tax that people in homes built since 2013 didn't pay the tax.
Glad it's being fixed - it was left unaddressed for far too long. https://t.co/3vSGZcoCbP— Michael Pidgeon (@Pidge) June 1, 2021
Cabinet also agreed to bring houses built after 2013 under the property tax rules.
So that means increased bills for thousands of people, though it's not clear when that will start.
