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Charles Haughey: "We Are Living Away Beyond Our Means"

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Published on Apr 5, 2012

When a broadcast by the Taoiseach, Charles J. Haughey, warned that, "...as a community, we are living away beyond our means", the nation braced itself for Michael O'Kennedy's budget. This increased PAYE allowances and widened tax bands, but it also increased indirect taxation. Taxes on cigarettes, alcohol and petrol all went up, while duties on cars, television sets and gramophone records were also raised. The Irish Farmers Association felt that the budget was, "extremely harsh on the farming community".

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