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Taoiseach Micheál Martin. PA Images

'Staycation voucher', wage subsidy extension and cheap loans all part of much-vaunted July stimulus

It is being touted as the much-heralded ‘rescue’ plan the government hopes will boost the economy.

THE GOVERNMENT WILL seek to put a bumpy start behind them with agreement today on the much-vaunted July stimulus package.

The plan is expected to include low-cost loans for businesses, an extension of the Temporary Wage Subsidy Scheme and a grant scheme for businesses of between €2,000-€10,000.

To boost the tourism sector, a so-called ‘staycation voucher’ for holidaymakers in Ireland to claim a rebate on part of their hospitality costs is also expected. This rebate is not expected to come into force until the autumn, however, and will run until April 2021. 

On the social protection side, it is understood that a proposal to reduce the Pandemic Unemployment Payment by €50 to €300 per week is under consideration.

Meanwhile, there could be relief for businesses as the Wage Subsidy Scheme is also expected to be extended beyond August, perhaps to the end of the year, and could be open for companies to use in relation to new hires.

The July Stimulus package, which was originally due to sign off on Tuesday, is expected to be agreed by Cabinet today. It is being touted as the much-heralded ‘rescue’ plan the government hopes will boost the economy.

While the plan hopes to inject much-needed funds into Irish businesses, clarity will also be given to thousands of workers on the wage subsidy scheme as well as the pandemic unemployment payment.

Tánaiste and Business Minister Leo Varadkar has said it will be a “package of scale”. So, how much will it cost?

“Several billions of euro… a multi-billion euro package,” said Varadkar.

While there are a lot of measures in the mix, much of the plan has already been well-flagged. However, one interesting aspect hints at the Green Party’s fingerprints on the plans.

Something Eamon Ryan and Varadkar are understood to be interested in rolling out is a “Green fund” which will help businesses invest in new heating systems and insulation. It is hoped such a measure will benefit businesses, tick the climate action box, while also creating jobs.

The stimulus will also include an enhanced restart grant for businesses, which currently offers a minimum payment of €2,000 and a maximum payment of €10,000.

The extension of commercial rates waivers for the rest of the year will also be considered, as will the reduction in some business taxes. Access to cheaper loans is also on the cards for businesses, something that many TDs have called for. Criticism has been levelled at the government’s loan schemes due to the interest rates ranging from between 4.5%-5.5%.

Varadkar told the Dáil that the government is looking to what other countries are doing also, though he ruled out restaurant vouchers for all citizens in a bid to boost tourism, something done by other countries.

“We compare favourably when it comes to the Pandemic Unemployment Payment (PUP). Not many countries are providing €350 per week to workers. That is triple what it is in Northern Ireland or Britain. We compare well when it comes to the wage subsidy scheme, which will end in the UK, for example, in October.

“We have not yet set a date for ours. We probably need to do more with direct grants and in terms of our loan guarantee. These are the kinds of things we are working on for next week and beyond,” he said.

The government plans to address five areas:

  • income supports for workers
  • direct grants for business
  • cheaper finance
  • new opportunities for future jobs
  • support for the hardest-hit sectors.

Alternative and new jobs in areas such as housing construction, the care sector or green energy, as well as apprenticeships, higher education options, back-to-work enterprises, back-to-education options, are also expected to feature.

Minister for Education and Skills Norma Foley and the Minister with responsibility for Higher Education Simon Harris will roll out options for young people who have been on the pandemic unemployment payment or jobseeker’s payments for a prolonged period.

Social Protection Minister Heather Humphreys is examining the community employment scheme which will also be scaled up.

The July stimulus is very much focused on the needs of young people in particular. It will have a particular focus on sectors which employ large numbers of younger people, such as hospitality, retail, tourism and leisure, and construction. 

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    Mute Mill Lane
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    Jan 25th 2020, 9:22 PM

    0 out of 10.

    I thought they were election posters.

    335
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    Mute thomas patrick
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    Jan 25th 2020, 10:53 PM

    @Mill Lane: always some clown who turns everything back to the oul politicians “gag”

    46
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    Mute devils avacado
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    Jan 26th 2020, 1:46 AM

    @thomas patrick: ahh come on Tom,, I’m a huge SC-FI fan,, but that was a good gag….:)

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    Mute Dave Stewart
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    Jan 26th 2020, 3:06 AM

    @Mill Lane: me too

    14
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    Mute joanne healy
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    Jan 25th 2020, 9:10 PM

    10/10 love love love Star Trek.

    129
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    Mute Arya
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    Jan 25th 2020, 10:00 PM

    @joanne healy: Kardashians? Hahahahha. They are aliens? I knew it!

    47
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    Mute Mirabelle Stonegate
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    Jan 26th 2020, 9:38 AM

    @Arya: I have only ever watched keeping up with the Kardashians once, for about 5 minutes. I remember thinking someone had screwed up the spelling of cardassian, but was excited to think they might have their own spin off , as I enjoyed garak as a character. Yeah, I was very very disappointed when I learned the truth.

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    Mute Burn_the_Witch
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    Jan 25th 2020, 9:16 PM

    Never watched it. Got 7/10. Pretty happy with that.

    31
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    Mute dstaffx
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    Jan 25th 2020, 9:31 PM

    @Burn_the_Witch: the force is strong in this one ( I did that on purpose ha ha ha ha)

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    Mute Kevin Maughan
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    Jan 26th 2020, 10:34 AM

    @Burn_the_Witch: Tempted now?! Ah go on!

    3
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    Mute The Risen
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    Jan 25th 2020, 10:46 PM

    9 out of 10, ok for a Trekkie I guess. Oh, and Star Trek Picard episode one is outstanding!

    31
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    Mute Matthew Gorman
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    Jan 26th 2020, 1:24 PM

    @The Risen: agreed saw it last night.

    4
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    Mute Mick McGuinness
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    Jan 25th 2020, 9:17 PM

    I got 50/50 couldn’t ask a friend lol, hope Star Trek Picard will be on TV here soon.

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    Mute Derek
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    Jan 25th 2020, 9:52 PM

    @Mick McGuinness: watched it earlier, story has real potential and has plenty references for fans and some cool guest appeances. Stewart’s a class act. Definitely going on my weekly viewing list.

    38
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    Mute Ronan Fahy
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    Jan 25th 2020, 10:42 PM

    @Mick McGuinness: amazon prime only I’m afraid. Discovery season 1 only appeared on channel 4 about 3 years after first airing so I wouldnt wait that long

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    Mute Dave Stewart
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    Jan 26th 2020, 3:08 AM

    @Derek: the future is vast Derek

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    Mute Derek
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    Jan 26th 2020, 11:27 AM

    @Mick McGuinness: install Typhoon TV if you have an android device to watch it, handy app as I’ve found a lot of shows aren’t available outside US/Canada or not available here yet on Amazon or Netflix

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    Mute Bríd
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    Jan 26th 2020, 12:51 PM

    @Mick McGuinness: Amazon Prime Video is 2.99 a month. Worth it for Picard.

    3
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    Mute Christopher Mulrooney #WeAreStarfleet
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    Jan 26th 2020, 12:35 AM

    10/10 though i did a rewatch of the entire franchise(shows and movies) in the last 6 months so everything is mostly fresh in my mind. Love Star Trek.

    16
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    Mute Tricia G
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    Jan 25th 2020, 10:11 PM

    Actually sitting here after watching Voyager and now on TNG and still only got 7, sheesh!

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    Mute Ricky
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    Jan 25th 2020, 10:31 PM

    @Tricia G: Voyager was class…

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    Mute Quentin Moriarty
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    Jan 25th 2020, 11:09 PM

    @Ricky: pity they didn’t have a final film w Voyager and DS9 crew

    Rick Bergman made a balls of it all

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    Mute Ricky
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    Jan 26th 2020, 9:54 AM

    @Quentin Moriarty: Voyager finale was very rushed, especially the last 10-15 minutes. And Enterprise wasn’t really any good. So looking forward to seeing what happened after Voyager ended.

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    Mute Figo murphy
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    Jan 25th 2020, 10:12 PM

    You should have put a wrong answer to one of them and watch the internet break down.

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    Mute Nathan Hayes
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    Jan 25th 2020, 9:43 PM

    8/10, thought I knew the show better

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    Mute John Quinn
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    Jan 25th 2020, 11:25 PM

    9/10 love it!!

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    Mute Phillip O'Brien
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    Jan 25th 2020, 10:04 PM

    Some options are plain ridiculous. Obviously little thought put into it.

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    Mute brefanlfc
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    Jan 26th 2020, 9:45 AM

    @Phillip O’Brien: Have you ever kissed a girl?

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    Mute Phillip O'Brien
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    Jan 26th 2020, 11:53 AM

    @brefanlfc: A lot, yes; what’s your point.

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    Mute Dominic Kenneally
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    Jan 26th 2020, 1:08 AM

    7/10..make it so!

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    Mute sean
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    Jan 26th 2020, 2:10 AM

    @Dominic Kenneally: say that to Alexa

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    Mute Cormac Laffan
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    Jan 25th 2020, 9:33 PM

    8 outta 10.!!
    Ok, only knew Q and that was because of James Bond..

    7
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    Mute
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    Jan 26th 2020, 1:45 AM

    10/10 Doesn’t happen often for me so I’m happy. Love Star Trek. Had to eliminate some wrong answers for a couple.

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    Mute Damien Mc Padden
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    Jan 26th 2020, 3:23 AM

    @: There are 4 lights!

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    Mute Jason Ebbs
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    Jan 25th 2020, 9:21 PM

    3/10….thank God for that.

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    Mute Quentin Moriarty
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    Jan 25th 2020, 11:07 PM

    Star Trek the wrath of Khan
    Nothing compares in the ST universe

    “……when I swing around I mean to deprive you of life “

    9
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    Mute Ger Power
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    Jan 26th 2020, 1:16 AM

    7/10 v happy with that. My wife is a massive Star Trek fan. Gonna send her the quiz now. Be great if I could beat her, would be like her beating me on a 24 quiz

    6
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    Mute Joe Kennedy
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    Jan 26th 2020, 3:27 AM

    @Ger Power: make sure and keep us all in the loop how she gets on Ger!!

    9
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    Mute Ger
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    Jan 26th 2020, 4:59 AM

    First quiz where I ever got 10/10 and I’m not really a big fan. Only watched Next Generation

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    Mute Colm Curran
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    Jan 25th 2020, 9:22 PM

    5/10 wats star trek

    3
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    Mute Lukevic101
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    Jan 26th 2020, 10:01 AM

    Get in, 10/10 on my 14th attempt. I knew I could do it!

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    Mute Joe Kennedy
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    Jan 26th 2020, 10:41 AM

    @Lukevic101: perseverance Luke, fair play. As the old proverb says….”if at first you don’t succeed, give it a load more goes!!”

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    Mute Ricky
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    Jan 25th 2020, 9:58 PM

    10…Dog..Next…

    3
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    Mute Fiona Fitzgerald
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    Jan 25th 2020, 11:51 PM

    Ah ! Bad enough if I thought I was missing a dolphin. More quizzes please.

    4
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