TOP STORY IN TOP STORIES MONEY-BACK GUARANTEE FOR LOWER-CLASS MEMBERS In response to complaints from the public and politicians, a scheme introduced in July will give those with an annual income of less than £100,000 a free one-year loyalty scheme to join a scheme offering a £5,000 credit to buy a £1,000 home.
Millionaire businessmen from the UK, Ireland, Germany and Italy will now be able to sign up for the scheme, which will run until July 30, 2019.
This is the first time that a group of wealthy businessmen in the UK have been given a loyalty scheme, the Government said.
It also announced that the Government will increase the amount of tax that the wealthy pay in tax to £150,000 per person from £80,000.
For the first year, this will give the Government the chance to show that it is serious about tackling the problem of tax avoidance by wealthy individuals.
The scheme will cost the taxpayer £2.5 billion over the next five years.
Taoiseach Enda Kenny also unveiled a new programme to help struggling small businesses, with a total of £1.8 billion earmarked for small businesses over the course of the next two years.
He said the scheme would be a “major investment” in the country.
Prime Minister Enda Hickey has also announced a number of measures to help Irish businesses survive Brexit, including increasing the minimum wage from €8 to €10 an hour.
EU-Turkey trade deal The Government has signed a deal with the European Union to protect Irish businesses from tariffs on products imported from Turkey, which could be worth up to €20 billion a year.
Irish businesses are already being hit by the tariffs imposed by the European Commission, which is the bloc’s chief trade negotiator.
Under the agreement, which takes effect on April 1, 2019, companies will be able sell products to Turkey at a lower price.
In addition, a number are also expected to sign deals with the EU that will protect them from tariffs.
Labour leader Joan Burton said the agreement was a “positive step in protecting Irish jobs”.
The deal with Turkey will allow Ireland to import more of its agricultural goods.
Ireland will also be able buy more Turkish products than the EU.
Labour has previously said it would not have signed such a deal in the first place if the government hadn’t been keen to protect the Irish economy from the threat of tariffs imposed on Irish products from Turkey.
However, the EU is now demanding that Ireland sign up to the agreement in order to protect its own economy, as the EU and Turkey are trading in agricultural products.
‘Fraudulent claims’ Labour also raised the issue of the fraudulent claims that have been made by businesses over Ireland’s planned Brexit negotiations.
On Tuesday, it was announced that companies from across the EU had been given warnings for ‘fraudulent’ claims made about Ireland’s Brexit negotiations and its ability to access the Single Market.
Minister for Finance Michael Noonan said the warning letters will be issued within 24 hours.
Speaking on RTÉ’s Morning Ireland, Noonan told the programme the Government would look at all the information received, and take steps to ensure the Irish Government’s position on the UK’s Brexit talks was not misrepresented.
“There are two very important issues that we have to resolve and that is the issue about our future relationship with the UK,” he said.
“It’s a question of whether we want to be a member of the European Economic Area or remain part of the Single European Market.”
And the second issue is whether or not we want a relationship with a European economic entity like the European Central Bank.
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