A leading Clare Economist says a tough Winter is to be expected for households in light of soaring oil prices.
A barrel of Brent Crude Oil which is extracted from the North Sea is today trading at $111, an increase of over 59% since the beginning of the Iran War.
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The Government has already ruled out the possibility of introducing an emergency budget and has signalled its focus is on cost of living measures in Budget 2027.
Ennis-based economist and Assistant Professor of Social Policy at UCD Micheál Collins says it’s a situation we have little control over.
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