Budget will focus on labour-tax cut says Letta
'At last some respite for workers'02 October, 16:37
"Cutting taxes to give some respite to workers at last" and leaving pay-packets heavier will be combined with lowering taxes on employers, he said in a speech to the House, where he is expected to easily win his second confidence vote of the day.
Italians' purchasing power has sunk in the country's worst recession in 20 years and increasing numbers are swelling the ranks of the 'new poor', surveys show. Earlier Wednesday a last-minute U-turn by ex-premier Silvio Berlusconi in the face of an unprecedented rift in his party ensured an overwhelming confidence-vote win in the Senate.
The budget must be launched by mid-October and approved before the end of the year.