Senior Government Figures Reportedly Say COVID-19 Welfare And Business Supports Will Not Be Scaled Back Until Autumn At The Earliest
Senior government figures have reportedly said that COVID-19 welfare and business supports will not be scaled back until the autumn at the earliest.
According to The Irish Times, Tánaiste Leo Varadkar told the Fine Gael parliamentary party this week that there will be no "dramatic changes" during the third quarter of 2021, but added that next week the government will outline how it intends to phase out the payments from the fourth quarter of this year.
Minister For Finance Statements
The Irish Times quotes minister for finance Paschal Donohoe as saying while speaking at the Institute of Directors this week that "continued support could be necessary out to the end of 2021 to help maintain viable businesses and employment, and to provide businesses with certainty".
However, Donohoe reportedly added that "while there will be no cliff-edge, there must be an end to them at the right point".
As reported by The Irish Times, the three main COVID-19 support schemes, which are the wage subsidy scheme, the Pandemic Unemployment Payment (PUP) and the COVID Restrictions Support Scheme (CRSS), are due to lapse on June 30, but, according to The Irish Times, next week the government will announce that these three schemes will be extended when it unveils its plan for economic recovery in the post-COVID-19 pandemic era.
According to The Irish Times, the signal that these three schemes will be extended has come amid a sense in the government that Ireland is entering the final phase of the acute COVID-19 crisis, and Donohoe said that removing these support schemes now "would be akin to falling at the final hurdle".
Cost Of The Three Main COVID-19 Support Schemes
According to The Irish Times, the three main COVID-19 support schemes have cost over €14 billion to date.
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