Labour Party Alternative Budget 2026 Proposes €6.5bn in Current Spending Increases (labour.ie)

• Proposes net current spending increase of €6.5bn and additional capital spending of €1bn
• Funded by tax increases: 2.5% higher stamp duty on non-residential property, increased bank levy, windfall tax on energy and data centres
• Key measures: child poverty reduction (€770m), 6,000 social/affordable homes, free GP care for children, €1,000 cut to third-level fees

"The Irish Labour Party has published its Alternative Budget for 2026, proposing net current spending increases of €6.5bn and additional capital spending of €1bn. It is funded by revenue-raising measures including a higher bank levy, a 2.5% increase in stamp duty on non-residential property, and a windfall tax on energy companies and data centres. Key proposals include a second tier of child benefit to tackle child poverty, 6,000 additional social and affordable homes, free GP care for all children, a permanent €1,000 cut to third-level fees, and a €16 weekly increase to core social welfare rates."