Budget 2009

[dmc444]

This is a thread for What will actually be in the budget and your responses to it.

Budget 2009- Full measures

Lenihan spoke for around 40 minutes.

Details

10% cut in political expenses, while long-term payments to TDs will be abolished.

review of top-level public sector pay rates.

new scheme to allow civil servants over the age of 50 to retire. The scheme will begin in May. Those retiring will not be replaced unless sanctioned by the Department of Finance.

There will be no increases in social welfare for the next couple of years, and rates may be reviewed later.

The Christmas bonus will not be paid this year, while those under 20 will have their dole payments halved.

early childcare supplement will be halved from 1 May, and scrapped altogether next year.

Capital Gains Tax and Capital Acquisitions Tax will both rise from 22% to 25%.

DIRT will go up from 23% to 25%. The levy on non-life insurance premiums rises from 2% to 3%.

The income levy rates announced in last October's Budget will be doubled to 2%, 4% and 6%

The income levy thresholds have been lowered, with the 2% rate kicking in at €15,000, 4% at €75,000 and 6% at €175,000.

The ceiling for employee PRSI will rise from €52,000 to €75,000.

The prices of cigarettes will rise by 25 cent and diesel goes up five cent a litre. The increases are VAT inclusive.

set up an asset management agency to take bad loans off the banks' balance sheets.

An Enterprise Stabilisation Fund will be set up to help protect jobs in troubled businesses.

Stamp Duty trading scheme will be introduced



You can watch the Budget live online at 3.45pm on

http://www.oireachtas.ie/ViewDoc.asp...m&CatID=83&m=o

I just thought it would be best to have one single thread instead of 10 different threads on the Budget.

[goosebump]

This is a thread for What will actually be in the budget and your responses to it.

Coverage begins at 3.20pm on RTE

also here is a Budget Tracker on rte.ie

RTÉ News: Budget 2009 - Headlines, Analysis, Reaction, Video, Audio, Tax Calculators for Ireland's 2009 Budget

I just thought it would be best to have one single thread instead of 10 different threads on the Budget.

You should change the thread title to 'Budget 1 2009'

[constitutionus]

were not the only ones on tenderhooks waiting for this.

ive been watching the stock market since 8 this morning and theres been feck all activity in the banks since circa 11.30 - 12 o clock.

ALL the banks have pretty much flatlined in terms of trades. i havent seen something like this since the chancellor of the exchequer in england had a big announcement back in the tail end of last year.

[dmc444]

ISEQ is so far down 18.43 points but they are just waiting for the Budget proposals so there could be a rally at the end of the day but anyway just have to wait for the Budget to be introduced.

[Simbo67]

You should change the thread title to 'Budget 1 2009'

I think you mean Budget 2 2009

[Outlander]

Will brian be up for a big photo-call on the steps of the house?

[Digout]

You should change the thread title to 'Budget 1 2009'

Its budget 2, and there will be at least one more.

[dmc444]

I would imagine that he would get a picture taken. Well 20 minutes to go until the Budget coverage begins.

RTE are calling this the calm before the storm.

[Gruffalo]

I think you mean Budget 2 2009

Some professionalism please. It is Budget 2009 (b)

[dmc444]

Breaking :Enda Kenny calls for a General election

RTÉ News: Budget 2009 - Headlines, Analysis, Reaction, Video, Audio, Tax Calculators for Ireland's 2009 Budget