Seanad debates

Wednesday, 26 March 2003

Finance Bill 2003 [ Certified Money Bill ] : Committee and Remaining Stages.

 

In the Fianna Fáil manifesto of 1997 there was a proposal for a home carer's allowance of £2,000 but it was recognised even then that there would be a problem in this regard. When I introduced what was known as individualisation but what is more correctly termed the widening of the standard rate band, I brought forward that proposal and introduced an allowance £3,000 payable at the standard rate which was then, I think, 22%. It has now been changed in tax credit terms to €770. I had intended waiting until the process was complete before bringing it into effect but I brought it forward then and have not increased it since.

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