The Irish government today unveiled their 4 year
The plan attempts to kill of the poor and low piad whilst leaving the higher paid senior public servants virtually untouched.
Expect Riots on the streets of Dublin within a few weeks.
Main developments:
* €15bn correction over four years
* Public expenditure down €10bn, tax up €5bn
* Irish bank shares see big falls
* Corporation tax will remain at 12.5%
* Social Welfare to be cut by €2.8bn by 2014
* VAT will rise to 23% by 2014
* Health spending to fall by €1.4bn over term of the plan
* Minimum wage to fall to €7.65 per hour
* Property tax in place by 2012
* Domestic water charges to be in place by 2014
* Plan includes 'full implementation of the Croke Park deal
* New entrants to public service will face a 10% pay cut
* Public service pensions to be cut by an average of 4%
Leaflet
Why is is the government want to return everyone to 2006 levels but yet maintain a 2010 living cost?
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