Finance Minister Michael Noonan delivered the 2014 budget yesterday which contained €2.5 billion worth of spending cuts and tax increases. You may wonder when and how are things ever going to improve? The Minister said the Government will continue to progress, grow the economy and create jobs as they prepare to exit the bailout. Some of the key cuts and changes announced include; job-seeker’s allowance for those under 25 cut to €100, child benefit cut by €10, corporation tax stays the same to encourage inward investment, 10% increase on cigarettes and on a pint of beer.
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