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Over a million people set to have their USC cut in next week's budget

Over a million people set to have their USC cut in next week's budget

Over a million people are set to have their USC cut in next week's budget.

According to the Irish Independent, workers can expect to get tax breaks worth around 5 euro a week.

It says the rate will be cut to 4.5 per cent for those earning between 19 and 70 thousand euro.

There's also expected to be a 5 euro increase to all social welfare payments, including the pension.

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Meanwhile, the Government is expected to collect one billion euro more from Corporation Tax this year than was forecast.

The pre-budget White Paper has been published.

Fianna Fail believe the bulk of the extra money will be used to deal with a major over run in health spending.

Their party's Finance spokesperson, Michael Mc Grath, says the government needs to treat the increase in corporation tax cautiously

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