Sugar tax expected in Budget 2018

Sugar tax expected in Budget 2018

Sugar tax expected in Budget 2018

The Finance Minister says the economy will grow by 4.3 percent this year and 3.5 percent next year.

The esthablisment of a "rainy day" fund with €1.5 bn to be transferred from the Ireland Strategic Investment fund.

Paschal Donohoe initially had just 350 million euros in spare resources but boosted the final package to 1.2 billion euros.

Commercial investment in housing finance will have €750 million made available.

3% levy for 1st year of vacant site to more than double to 7%.

The entry point for single earners to get charged the higher rate of tax will increase from €33,800 to €34,550, a rise of €750.

There will be a reduction in prescription charges for medical card holders under the age of 70 from €2.50 to €2 per item.

The Department of Health will get an increase in funding of €685 million, bringing their total budget to €15.3 billion.

Raging brush fire shrouds Orange County and Long Beach in smoke
Northbound lanes of the 241 to the 91 freeway, and the east and west off-ramps at Gypsum Canyon Road, have also been shut down. Winds drove the growth of the Canyon 2 wild fire in the hills near Anaheim , California, on October 9.

May told she must hold Johnson to his expressions of loyalty
Mr Shapps said he was yet to write to the committee himself but would now take the formal steps. A leadership contest would only be triggered if Mrs May lost that vote, or chose to quit.

Iowa St.'s Lanning plays both ways; Cyclones stun Oklahoma
Iowa State broke a tie on Kempt's 25-yard pass to Allen Lazard, who made a spectacular coach in the end zone with 2:19 to play. Iowa State quarterback Jacob Park is taking a leave from the football team to work through some personal health issues.

There will be an additional €18 million for emergency accommodation bringing the spend to €116 million, while there will be an extra 31 million for social housing expenditure - totalling 115 million.

The student teacher ration is to be reduced to 26:1.

2018 will also see an extra 800 gardaí being recruited as well as another 500 civilians being hired.

From last week of March, €5 per week increase in all weekly social welfare payments, including disability allowance, carer's allowance, Jobseekers' Allowance and State pension. The monthly cap drops from €25 to €20, with the threshold for the Drugs Payment Scheme dropping from €144 to €134.

There will be a sugar tax introduced on fizzy drinks and cigarettes are to increase by 50 cent for a packet of 20.

The VAT rate on tourism & services sector WILL NOT change. There's a €2 per week rise in the rate of the qualified child payment.

The 5% rate of USC, meanwhile, will reduce from 5% to 4.75%.

Related news