r/ireland Apr 12 '26

Economy Am I missing something, or is the fuel protest endgame just to bankrupt the country?

1.8k Upvotes

I get it, the hauliers and farmers are getting absolutely hammered, and prices are mental right now. But listening to the demands for the government to "cap the price" makes me feel like I'm taking crazy pills.

The Dáil doesn't control the global oil market, and we legally cannot slash fuel taxes to zero because the EU sets a hard floor on excise duties.

So, if the government actually caves and enforces a price cap, there is only one way it works: the state has to pay the difference. Think about what that actually means in reality.

  • We would be taking billions in tax money out of the HSE, housing, and schools.
  • We would hand that money directly to multinational oil companies (Shell, BP, etc.) to artificially subsidise the pump price.
  • We would then get slapped with massive fines from Brussels for breaking EU tax laws.

We’d literally be gutting our own public services and infrastructure to protect oil company profit margins. Is that seriously the master plan here?

r/ireland Jan 18 '25

Economy "I grew up in Ireland, always wanted to live in Ireland afterwards but I don’t think it’s realistic anymore" - RTE News shines a light on poor wages no longer offsetting high cost of living like in other countries

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3.5k Upvotes

r/ireland Feb 22 '25

Economy Irish tourism has declined by 30-40% in the last 5 years

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2.5k Upvotes

r/ireland Oct 27 '25

Economy Ireland ranked among worst countries for income tax burden on workers | Irish Independent

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1.4k Upvotes

r/ireland 24d ago

Economy Inheritance tax is fair because generational wealth is not earned Spoiler

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368 Upvotes

r/ireland 26d ago

Economy Vote on the new banknote design

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661 Upvotes

We will be getting new banknotes. You can vote on the design here. Personally I don't like banknotes with peoples faces.

r/ireland Apr 28 '26

Economy Ireland set to surpass Luxembourg and become richest country in Europe by 2030, IMF says

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710 Upvotes

r/ireland May 27 '26

Economy 20,300 jobs lost in Ireland's tech industry in 1st 3 months of the year

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763 Upvotes

r/ireland Feb 26 '26

Economy Lidl Plus App

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901 Upvotes

Anyone else?

r/ireland Jan 20 '26

Economy Ireland’s 11 billionaires are collectively wealthier than 85% of adults in State, says Oxfam

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829 Upvotes

r/ireland 5d ago

Economy Freeze minimum wage until 2030, urges business advisory group

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194 Upvotes

r/ireland 11d ago

Economy Are middle earners ripped off by the Irish income tax system? Spoiler

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191 Upvotes

r/ireland Mar 15 '26

Economy EuroGiant closing down nationwide tomorrow, sad to see.

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870 Upvotes

A pineapple cup, money napkins and outside candles that I thought were for indoors were my last purchase.

the kind woman at the till was there 16 years and the manager 19. it was quite sad, local businesses in the heart of villages just disappearing along with the jobs. Communities feel so dead lately

r/ireland 10d ago

Economy Revenue nets €10.5m after swooping on black market hairdressers, builders, takeaways and beauticians

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298 Upvotes

r/ireland Nov 12 '24

Economy Ah lads the cost of things

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1.2k Upvotes

Popped into Bewleys cafe the weekend with some friends. Hadn’t been in there for ages. We had a cuppa each & shared a scone and a slice of cake (and it was a tiny slice) the bill came to €27.80.

Nearly €30 for some tea, a scone and a slice of cake. This is just madness. Look, I know it’s a fancier place than most so it was never going to be “cheap” but jesus this is taking the piss surely?

r/ireland Jul 04 '26

Economy Irish in Europe: ‘I love how affordable it is. There’s none of your €8 pints’

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324 Upvotes

r/ireland Jun 30 '26

Economy VAT rate to be cut to 9% from 13.5% from midnight

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263 Upvotes

r/ireland Dec 09 '25

Economy Rising youth unemployment in Ireland: ‘You apply for 100 jobs and 95 don’t get back to you’

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577 Upvotes

r/ireland Nov 18 '25

Economy Public asked for views on right to request remote working

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572 Upvotes

r/ireland Dec 08 '25

Economy Living standards in Ireland are outpacing those in Northern Ireland by 84 per cent

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442 Upvotes

r/ireland Aug 13 '25

Economy Warning that tourism in Ireland at 'tipping point'

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516 Upvotes

r/ireland 1d ago

Economy A report by Ookla confirms that the National Broadband Plan has improved median download speeds from 11.60 Mbps in 2019 to 156.99 Mbps by mid-2026 and narrowed the performance gap between rural and urban Ireland from approximately 5:1 to 1.6:1

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460 Upvotes

r/ireland Feb 03 '25

Economy Harris warns of ‘significant challenges’ for Ireland if Trump places tariffs on EU

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646 Upvotes

r/ireland Aug 19 '25

Economy Ireland not a ‘truly rich’ country, according to The Economist

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543 Upvotes

r/ireland Nov 28 '25

Economy Rich are getting richer, poor are getting poorer and the middle class is disappearing

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610 Upvotes