Pension jump touted, change to your Tesco, Lidl, Dunnes spend and mortgage boost

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Budget 2023 is now highly anticipated as many across the country hope new measures will be introduced to alleviate some financial pressure

As the cost of living crisis continues in Ireland, people are becoming increasingly more strapped for cash.The Green Party has called for a minimum €10 increase in the weekly State pension and in social welfare payments.

An increase of €100m into the Working Family Payment, currently at least €20 per week calculated based on household income and the number of dependent children, would see income thresholds rise by €46 weekly for a family with one child. New figures by Kantar show that rising prices could add €453 to the average annual grocery bill, a figure over €100 higher than that predicted in early May.

According to Kantar, shoppers are taking additional steps to manage their spending at supermarket tills and making three fewer trips to the store on average per month than they were this time last year.

 

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