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Labour to focus on child poverty in alternative budget

The party said it would direct the money earmarked for a hospitality VAT cut to anti-child poverty measures instead (File image)
The party said it would direct the money earmarked for a hospitality VAT cut to anti-child poverty measures instead (File image)

Labour will launch its alternative budget with a focus on eradicating child poverty.

The party said it would direct the money earmarked for a hospitality VAT cut to anti-child poverty measures instead.

It estimates this would free up in the order of €700 million, which could fund a new second-tier of child benefit along with an increase of €15 per week to the Child Support Payment.

Labour would extend the Fuel Allowance to all families on the Working Family Payment.

The party is proposing an Energy Income Tax Credit for households with incomes below €80,000 and with BER ratings below B2.

This would provide a payment of €400 to these households.

It would cost €270m and could benefit over 675,000 households.

The party is calling for a subvention for the State-imposed PSO and network changes to reduce bills for business and households at a cost of €250m.

Labour's alternative budget would increase all core weekly social protection rates by €16.