Fianna Fáil’s Deputy Finance Spokesperson, Frank O’Rourke, has stated that the Government has not done enough to stop the rising cost of living as Ireland’s reduced competitiveness is having a negative impact on the cost of doing business in Ireland.
“The cost of Insurance, rising childcare costs, rising rents, rising costs of fuel, gas, health insurance, and other day-to-day living expenses, are all putting pressure on families. For instance, electricity costs are going up by over 6%, and gas by over 12%. These increases will lead to an increase of nearly €150 for some customers.”
“Irish consumer prices in 2017 were 24% above the EU average. Irish Mortgage Rates are higher than the EU average. The average standard variable rate for a mortgage in Ireland is currently 3.26%. This is nearly 1.5% higher than the average Eurozone rate which stands at 1.83%” stated Deputy O’Rourke. Continue reading “O’Rourke – Competitiveness being eroded by Cost of Living”