Budget 2023 is just over a week away, and supports are expected to focus on middle and lower income earners who have been worst affected by the rising rate of inflation.
With groceries, energy and fuel prices all to see further increases over the coming year, many will be eagerly awaiting the Budget announcement in the hopes that it will provide some much-needed relief. The cost of living package is expected to cost at least €2 billion, the biggest cost of living package in Budget history.
The minimum wage currently stands at €10.50 an hour, although employers are legally entitled to pay 18 and 19 year old workers at sub minimum rates worth 80 and 90 per cent of the €10.50 total. Government is now set to raise the minimum wage to €11.30 an hour in 2023.
