Not indexing income tax bands and credits will mean workers who receive pay increases will end up paying more in tax than they would if the Government increased the thresholds and credits as it did in recent budgets. Not touching tax bands is an effective tax increase. Carbon tax is already due to go up, that’s another increase on fuel + heating. Also, PRSI has already went up 0.1% as of the start of this month. Try to spook people with a terrible outcome only to announce something a little less worse on the day.