First look at Budget as Government launch Summer Economic Statement

The Summer Economic Statement, to be published today, will set out just how much the government will have to spend at budget time, to tackle the cost of living crisis.

The Coalition looks set to exceed its own spending rules, which was originally set at an increase of 5 per cent per year.

There is a growing expectation the Budget will be brought forward to September, with a significant social welfare package on the cards.

A repeat payment of the 200 euro electricity credit is one of the measures also being considered.

Labour Leader Ivana Bacik insists the government should act now and introduce measures to help hard pressed families.