Regarding The €100 for electricity bills which is due to cost €250m - it’s only been a few months since the government increased the standard rate cut off by 1500 which benefits higher earners by ~300 and increased both relevant tax credits by €50 which meant €100 extra for those below the standard rate cut off and €400+ for higher rate payers. Total cost was €500m if I remember correctly.
If both tax credits had been increased by €100 with standard rate cut offs left as is then lower earners would have had the added €100 in their income already rather than this universal payment costing €250m and benefiting many people who don’t need it.
Regarding The €100 for electricity bills which is due to cost €250m - it’s only been a few months since the government increased the standard rate cut off by 1500 which benefits higher earners by ~300 and increased both relevant tax credits by €50 which meant €100 extra for those below the standard rate cut off and €400+ for higher rate payers. Total cost was €500m if I remember correctly.
If both tax credits had been increased by €100 with standard rate cut offs left as is then lower earners would have had the added €100 in their income already rather than this universal payment costing €250m and benefiting many people who don’t need it.
Good point Michael. The perils of populist politics.