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THE COUNTRY IS bracing itself for next week’s Budget, which will contain a raft of new austerity measures as ministers scrabble for savings.
By the terms of the EU/IMF bailout agreement, the Government must find savings of €3.8billion with spending cuts and tax increases.
We already have some ideas about what the Budget might contain – with cuts to some social welfare benefits, a €100 universal household charge, a VAT increase and new health charges among measures which have been flagged. However, the Government has repeatedly come under fire for its approach.
So today we’re asking: What would you do to save €3.8billion in next week’s Budget?
A wealth tax? New tolls? Cutting public spending programmes? Explain your ideas in the comments, and we’ll pick out the best of them for TheJournal.ie Readers’ Budget…
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I wonder if Elon can bankrupt Twitter as fast as Truss tanked the UK economy…
@Rui Firmino: He’s giving it a good shot to be fair…he’s completely out of his depth.
@Rui Firmino: I think you got it backwards. When it took it over it was losing millions a day, $4 million a day at the moment. He is trying to reverse that.
@Celtic Eagle: *When he took it over..
@Celtic Eagle: bet it’s losing more than €4m a day now ….
@MrHammey12: who knows, but if a business genius takes over a failing company then it’s strange to say ‘he will bankrupt the company’. I’ve a funny feeling they are political comments by woke liberals.
@Celtic Eagle: He’s not gonna ride ya
@OnlyHereForTheComments: It’s almost embarassing to see these Elon fanboys.
@Rui Firmino: I’m not a fanboy. I’m just stating facts. It seems to me your very emotional on the subject
@Celtic Eagle: Don’t be daft. The only thing I feel seeing this mess is contempt.
@Celtic Eagle: maybe if you say “woke liberals” a few more times Elon will invite you over to his gaff for a few drinks?
@Celtic Eagle:
@Celtic Eagle: Twitter made $1.3 billon profit in the last 4 years, in 2018-2021. It’s profits were knocked in 2020 and 2021 by a drop in advertising due to the pandemic.
Last year Twitter reduced its losses to $221 millon (on $5 billon revenue) was likely, contrary to what Elon claimed, set to become profitable this year. He’s messed that up.
Year Net Profit ($)
2018 1206
2019 1466
2020 -1136
2021 -221
And who knows where invites to gaffs and drinks can potentially lead!
@Mel Fitzpatrick: yep, his blue checkmark changes enabled 1 troll for 8 dollars to wipe 4.37% value off of the stock price of a 336 billion dollar pharma company with 1 tweet. Over 14.5 billion just went poof!
So thrashing it out with randomers on Twitter is the how Twitter is developing it’s HR policies now .If it wasn’t so serious for Twitter staff it would be funny .
Wow just as the UK government starts to make sensible sounding noises and threatens to end the ongoing comedy soap Elon comes to the rescue and brings us hilarious antics as he trys to make twitter pay off. Instead of millions of people getting messed about it’s only a few thousand most of whom are probably already planning moves and toughing it out for redundancy pay.
He told the Tesla managers that if they didn’t want to come to the office for at least 40 hours per week they could pretend to work at home for someone else.
Can someone explain why you would pay an absolute fortune for a company that’s losing $4 million a day, surely you’d buy it for way less then try and turn it around to make a profit???
have your say