Childcare prices might be reduce this yr, says Taoiseach – The Irish Occasions

Parents might see cuts in the price of childcare earlier than the tip of the yr, Taoiseach Micheál Martin mentioned on Monday.

He additionally reiterated that there are unlikely to be further measures to alleviate cost-of-living pressures earlier than the price range.

Mr Martin mentioned the following price range would give attention to cost-of-living and the goal was for households to really feel the advantage of measures to chop childcare prices by the tip of the yr.

Speaking forward of Monday’s National Economic Dialogue, Mr Martin mentioned the intention was to make use of the price range to ease strain on individuals in ways in which will probably be “applicable this year”.

Minister for Children Roderic O’Gorman has beforehand mentioned he intends to hunt funding within the National Childcare Scheme (NCS) as a part of Budget 2023 to “substantially reduce childcare fees for all parents.”

Mr Martin mentioned childcare was a “very significant cost pressure on families and we’re going to look at that.”

The Taoiseach mentioned Monday’s dialogue was happening “at a time of significant challenge facing Ireland, Europe and indeed the world.”

He referenced the Covid-19 pandemic, the conflict in Ukraine in addition to inflation which – at close to 40 yr highs – he described as “very serious”.

Mr Martin mentioned the optimistic information was how the Irish economic system had recovered from the pandemic.

Playing down the prospect of an early intervention or mini-budget to reply to inflation, Mr Martin mentioned “we can’t chase inflation in a simplistic way” and warned the approaching winter might be much more difficult.

“We do not want to repeat the mistakes of the 1970s when we had a decade of rampant inflation, which really damaged disposable income and the economy.”

Mr Martin added: “We want to do this in detailed way, evidence-based way, do significant work and look at how we can bring costs down.

“What we do has to be comprehensive, has to be sustainable over a longer period of time than just going from a month to month situation.”

He famous the worldwide financial panorama was unsure for the time being partly as a result of Russia was searching for to place strain on Europe’s vitality provide.

Mr Martin mentioned: “We’ve got to accept the winter period could be the most significant period of this crisis so far . . . and therefore we’ve got to make sure that we have enough in reserve to deal with that.

“Whatever we do has to be sustainable.”

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