Davy Research

Market comment

First Budget measures pass Parliament

DAVY VIEW

Following the announcement of Budget 2018 yesterday (October 10th), the first tax changes passed Parliament with increases in commercial stamp duty, excise on cigarettes and changes to capital allowances for businesses passing votes in the Dáil last night. Overall, the Budget was a cautious one, spreading the limited fiscal space broadly with equivalent welfare increases and income tax cuts.

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