Matthew Elderfield
Financial regulator Matthew Elderfield warned last week that more crippling mortgage rate rises are in the pipe line for the hard-pressed mortgage holder.
The financial regulator told an Oireachtas committee recently that higher mortgage rates were an “unfortunate but inevitable consequence” of the current banking crisis and a survey by the Irish Mortgage Corporation found that nearly one half of homeowners fear they will struggle to pay their mortgage this year, if rates rise as expected.
Meanwhile Green party Minister John Gormley warns that plans for household water charges, considered a basic human right, will be brought before Government within the coming weeks. He said however that an immediate levy would not be imposed for possibly two years,(After the next General Election) but refused to state how much the public would be forced to pay, in this new exciting tax to be levied. Approximately 1.1 million homes will need to have “Water Meters” installed from next year with Mr Gormley insisting that Water is a precious resource and these charges would be politically unpopular, but necessary.
Meanwhile Public Patients are being restricted to purchasing only four Viagra or Cialis type tablets per month by the HSE. Each prescription costs the tax payer in or around €25, not including the dispensing fee charged by chemists. Costings just released through the HSE, show that spending on erectile dysfunction drugs topped over €1 million through the medical card system and increased by 6% for the first time in 2008, in the area from Donegal to Limerick only. Now Green Party politicians, are calling on the HSE to reduce the monthly allowance on this drug to public patients, in a bid to control costs.
For God’s sake, is there nothing left for the working man anymore, I think it time to emigrate.
Leave a Reply