The Labour Party has published a critical analysis of the government’s water and electricity tariffs proposal insisting this was equivalent to a surcharge of 194 per cent.
It said that the new tariff would mean an increase of €3.30 to €6.75 per family per week.
As a result, families would be forking out a total of €42 million for water and electricity. So the government would be taking back the Income Tax reductions and increases in Children’s Allowance it was giving.
Businesses, on the other hand, would have to fork out around €30 million more.
The Labour Party said that when the government came up with its final proposal, it failed to say what was the price of oil on which it had based its costings.
The full analysis may be viewed at: