Budget 2018: Main Points So Far

Budget 2018: Main Points So Far

MINISTER FOR FINANCE Paschal Donohoe has announced a reduction in rates of the Universal Social Charge (USC) and a rise in the point at which you get charged the higher rate of income tax.

The budget will amount to €60.9 billion for 2018.

He said the budget "will deliver this government's long-held directive of broadly balancing the books".

€1.7 billion invested in special education, with more than 1,000 new Special Needs Assistants being recruited before September 2018.

A "Rainy Day Fund" is to be established in the next year with € 1.5 billion being transferred from the Ireland Strategic Investment fund to start it off.

There'll be a €5 increase per week in all weekly social welfare payments, which will take effect from the last week of March 2018.

There are modest income tax cuts, a sugar tax on fizzy drinks and cigarettes are to increase by 50c for a packet of 20.

Increase of €685m in allocation to the Department of Health, brings total funding to nearly €15.3bn next year.

An additional 1,800 staff in frontline services across acute, mental health, disability, primary and community care sectors.

Teaching jobs will be increased by 1,300 to reduce the student to teacher ratio to 26:1.

A 30c per litre sugar tax on drinks with over 8g of sugar per 100ml, and a 20c per litre tax on drinks containing 5g to 8g of sugar per 100ml.

There will be 800 extra gardai and 500 extra civilians for the force.

Brexit Loan Scheme for SMEs announced - €300 million will be available to them at competitive rates.

The Minister for Finance has defended his decision to reduce both USC rates and change tax bands so that fewer people will pay the top rate.

Entry point to the USC remains at € 13,000. €2 per week rise in the rate of the qualified child payment.

The 5% USC rate will be lowered to 4.75%.

Related News:

  • Man sues Chicago Cubs, MLB after foul ball injury

    Man sues Chicago Cubs, MLB after foul ball injury

    While the Chicago Cubs are facing the Washington Nationals in the playoffs, they reportedly are also facing a lawsuit from a fan. Loos said the high-speed ball destroyed his eye, which may need to be replaced with a prosthetic, and broke five facial bones.
    Arizona Diamondbacks at Los Angeles Dodgers Game 3 score, TV channel

    Arizona Diamondbacks at Los Angeles Dodgers Game 3 score, TV channel

    The old Dodgers - of June and July, of incomparable weaponry and uncommon swagger, of Bellinger and Turner and Seager - are back. They'll await the victor of the Cubs-Nationals series in their attempt to reach the World Series for the first time since 1988.

    Diplomacy Failed, Only One Way to Talk with North Korea: Donald Trump

    Some are seeing his approach as a roundabout way of pressuring Beijing into taking more definite action. In an interview on the Trinity Broadcasting Network on Saturday evening, U.S.
  • Shafiq reaches 100 as Pakistan look to save series

    Shafiq reaches 100 as Pakistan look to save series

    We didn't play good cricket. "We will have some senior players returning and I hope we'll play better cricket there". With the new ball due early on Day 5, Sri Lanka will fancy a wicket or two to get through to the Pakistan tail.
    Insider Trading at CLS Holdings plc?

    Insider Trading at CLS Holdings plc?

    CLS Holdings plc (LON:CLI) insider John Whiteley bought 71 shares of the firm's stock in a transaction on Friday, October 6th. The stock will be uptrending if it is being traded above its moving averages and downtrending if it is being traded below.
    Melania Trump takes dim view of Ivana Trump's 'I'm first lady' comment

    Melania Trump takes dim view of Ivana Trump's 'I'm first lady' comment

    The true first lady responded with a sharply-worded statement to CNN from her communications director, Stephanie Grisham. "Mrs. Donald Trump's first wife is refusing to even utter the name of wife No. 2, referring to Maples only as a "showgirl".
  • Las Vegas shooter's final 6 minutes before rampage REVEALED

    Las Vegas shooter's final 6 minutes before rampage REVEALED

    They also had no intelligence to indicate that Paddock, 64, was linked to any terrorist groups or extremist ideologies, he added. Campos was encountered by the suspect prior to his shooting to the outside world", Lombardo said at a Monday news conference.
    SC brings back ban on firecrackers in Delhi-NCR

    SC brings back ban on firecrackers in Delhi-NCR

    The court said that it wanted to test the quality of air in the NCR region after Diwali. Firecrackers are used on Christmas, New Year and other festivals, too.
    Matuidi puts France in control of their World Cup destiny

    Matuidi puts France in control of their World Cup destiny

    Switzerland maintained their three-point lead over Portugal with one game to play in Group B by cruising past Hungary 5-2. Clearly content to settle for a 1-0 win, France offered nothing in the way of attacking intent in the second half.
  • Huge Liverpool injury blow ahead of Manchester United clash

    Huge Liverpool injury blow ahead of Manchester United clash

    When he went to the African Nations Cup in January, Liverpool won just once in seven matches in all competitions. Mane, 25, was substituted in the 89th minute of a 2-0 World Cup qualifying win over Cape Verde on Saturday.
    Star Wars: The Last Jedi - Where to Watch The New Trailer

    Star Wars: The Last Jedi - Where to Watch The New Trailer

    Keep coming back throughout the evening for more status updates on Fandango as we all try and pick up tickets. You may be running to by " Star Wars: The Last Jedi " tickets tonight, or perhaps even sooner.
    Oregon State, Head Football Coach Gary Andersen 'Mutually Part' Ways

    Oregon State, Head Football Coach Gary Andersen 'Mutually Part' Ways

    The only win this season came against Portland State while each of the five losses were decided by more than 20 points. Hall also spent six years in the National Football League as a safety for the Atlanta Falcons and Cincinnati Bengals.


Most liked

USA slaps Bombardier with 300 percent in duties after Boeing complaint
Canada has threatened to cancel the planned purchase of 18 Super Hornets to temporarily augment Canada's aging fleet of CF-18s. But whether or not Bombardier's jets will face import duties of 300 percent, Boeing may have lost a major sale in Canada.

Kenya's opposition candidate has withdrawn from the election rerun
The opposition had said the elections had been fraught with irregularities despite electoral observers calling it free and fair . The uncertainty has also hamstrung east Africa's largest economy, leading to a slowdown in business across the private sector.

Here are all 69 emoji arriving on iPhones this fall
However, what caught our attention and the attention of many other users is the inclusion of the Unicode 10 emoji . Apart from the above new features, Sway team has fixed several miscellaneous issues in this release.

Smalling names four current players in dream Man United XI
Lukaku missed the 4-3 win over Bosnia on Saturday with an ankle injury picked up before United's 4-0 win over Crystal Palace . Martinez said: 'Romelu is fit and available, he's training with us tonight, ' said Martinez.

Trump may visit DMZ during South Korea trip
Special commandos of the North Korean Army conducted drills for several days in mid-September to infiltrate the South Korea-U.S. The South Korean defense source also suggested that Trump might visit frontline islands.

BlackBerry ditches the keyboard with an all-touchscreen BlackBerry Motion
The BlackBerry Motion still didn't upgrade to Bluetooth 5.2 and rocks the same Bluetooth 4.2 we've seen in previous models. The Motion will include a "home" button with a fingerprint reader, as well as an input jack terraced port USB Type-C.

White House Claims Trump Keeps 'The World From Chaos'
Trump will decertify the Iran nuclear pact next week, declaring it is not in the national interest, but let Congress decide whether to actually walk away from it.

Knowingly exposing someone to HIV is no longer a felony in California
Jeff Stone voted against the bill and strongly expressed his disapproval in September when the Senate voted on it. It was authored by Senator Scott Wiener (D-San Francisco) and Assemblyman Todd Gloria (D-San Diego).

Jinder Mahal beats Shinsuke Nakamura without The Singh Brothers, retains WWE title
As did Big E getting fired up and positively wrecking the Usos afterwards, and Woods' desperation effort at the end of the match. A shocking heel turn from Zayn, who was the bitter enemy of Owens for years, going back to their Ring of Honor days.

Kourtney Kardashian Is Reportedly Cool With Scott Disick's 19-Year-Old Girlfriend
If only other people shared that kind of patience, because as per the insider, "Kourtney just wants Scott to be his old self". Tell us what you think in the comments section below.

Microsoft is killing Windows Phone
The Microsoft executive was responding to a Twitter user's query, wondering whether it was time to leave Windows 10 Mobile . Figures published earlier this year by IDC claimed Windows Phone accounted for just 0.1% of the global smartphone market.

Angelina Jolie was once part of a plot to capture Joseph Kony
Muammer Gaddafi. 'Someone is attempting to blackmail me using illegally obtained information, ' he told the newspaper. Ocampo reportedly also reached out to George Clooney and Sean Penn with this idea. "I miss you." It went unanswered.

Lawmakers call for end to deadly antidrug sweep in Philippines
Dakila Cua said Duterte should continue his focus on his job and in making hard decision and not be anxious about ratings. In spite of this, however, Abella believed that public satisfaction remains "good" and public trust remains "very good".

USA professor Richard H. Thaler wins 2017 Economics Nobel
Thaler, who's originally from New Jersey, received his bachelor's degree from Case Western Reserve University in 1967. Thaler won the coveted prize 15 years after his friend Daniel Kahneman (2002 Economics Nobel Prize winner).

Nadal eases past Kyrgios to claim China crown
"To play every single day, it was just after every match you had to forget about what happened and be on the present again". I played very well during the whole event here, so let's see if I am able to hold that high level there in Shanghai.