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To: Maurice Winn who wrote (68627)11/24/2010 11:13:12 AM
From: elmatador  Read Replies (1) | Respond to of 217882
 
Ireland will cut welfare expenditure, slash the minimum wage, raise income tax and introduce a levy on land and property owners under a drastic austerity plan intended to put the public finances on a stable long-term footing.

The plan comes on top of €14.6bn in savings measures introduced in five separate packages over the past two and a half years – the period in which the Irish nation has been swept from the opulence of a property boom to the misery of Europe’s intensive care unit.

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Corporation tax kept at 12.5 per cent

Minimum wage cut by 12 per cent to €7.65 from €8.65

ft.com