Video: Budget brought forward, new Covid loan scheme for small businesses

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Budget package will alleviate cost-of-living pressures, says Taoiseach

Taoiseach Micheál Martin has said the Government will take measures as part of the budget package to alleviate pressures on people suffering from the cost-of-living crisis.

The Government will publish its Summer Economic Statement later today, which will set out the parameters of Budget 2023.

It is understood that a budget package of €6.7 billion is set to be approved by Cabinet, an increase in spending of €2.2 billion compared with last year’s budget.

Speaking ahead of the Cabinet meeting, Mr Martin said: "We’re going to get the balance right here. The Summer Economic Statement sets out the parameters of what’s possible.

"We are in the context of a unique set of circumstances coming out of Covid-19, supply chain difficulties and balances between supply and demand, which created its own inflationary cycle."

New Covid-19 loan scheme to provide credit up to €1.5m to small businesses

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A new Covid-19 Loan scheme is to be launched on Monday for small to medium size businesses struggling to cope with the impacts of the pandemic.

The loans will range from €25,000 up to €1.5 m and provide lines of credit up to six years, according to the Irish Examiner.

Businesses including farmers, food producers and the fishing industry will be included in the scheme.

The State backed scheme will be available to businesses who have experienced an adverse impact of a minimum of 15 per cent in turnover or profit due to the impact of the pandemic.

Fitzgibbon Street Garda station officially reopens after 11-year closure

Fitzgibbon Street Garda station has been officially reopened having closed its doors over a decade ago.

The station, off North Circular Road in Dublin's north inner city, had been largely unoccupied since its closure as a Garda station in 2011.

Following a recommendation made in the Mulvey Report in 2017, funding was granted for a full redevelopment of the station as part of the North East Inner City (NEIC) Project.

Man (60s) seriously injured in burglary at Carlow home

A man in his 60s has been seriously injured in an aggravated burglary at his home in Graiguecullen, Co Carlow.

Gardaí are investigating the incident which saw the man seriously assaulted by three other males at his home in the Sleaty Street area at approximately 11pm on Saturday night.

A sum of money was taken from the property and the three males fled the scene in a car.

The injured man was taken to Saint Luke’s Hospital to be treated for serious but non-life threatening injuries.

Putin declares victory in eastern Ukraine

Russian president Vladimir Putin has declared victory in the eastern Ukrainian region of Luhansk, a day after Ukrainian forces withdrew from their last remaining stronghold of resistance in the province.

Russia’s defence minister, Sergei Shoigu, reported to Mr Putin in a televised meeting on Monday that Russian forces had taken control of Luhansk, which together with the neighbouring Donetsk province makes up Ukraine’s industrial heartland of Donbas.

 

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