Mortgage Interest Relief For Those In Danger Of Losing Home May Be Approved In Next Month’s Budget

Mortgage interest relief for those in danger of losing their home may be approved in next month’s Budget.

Taoiseach Leo Varadkar says not all homeowners will be covered, as it would cost too much money.

He also suggested the excise hike planned for the end of October won’t go ahead, as fuel prices continue to rise again.

The Taoiseach also said reducing the VAT rate for the hospitality sector back to 9 per cent isn’t on the cards:

“The Government felt we needed to do something to help out. Generally speaking, tourism, hospitality, hotels are doing quite well at the moment. That’s why a concessionary rate of 9% isn’t justified anymore. We need to focus our tax priorities elsewhere, particularly around things like the cost of energy, petrol, diesel and helping families and all businesses including hospitality with with those high costs”.

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