Healy Cuts VAT on Electricity, Bond Market Unimpressed
Chancellor John Healy has announced a VAT cut on electricity bills effective October 1st through April, but the bond market has reacted negatively.
Newly appointed Chancellor John Healy has moved quickly, announcing a reduction in VAT on electricity bills. The cut takes effect from October 1st and will remain in place until April.
The bond market, however, appears unimpressed by the fiscal measure, signaling concerns over the policy's economic impact. No further details on the size of the VAT cut or its expected cost have been provided.
Source: FXStreet Forex News