Main Points

Stamp duty reductions and mortgage interest relief concessions designed to encourage Investors to buy houses and flats for renting…

Stamp duty reductions and mortgage interest relief concessions designed to encourage Investors to buy houses and flats for renting to tenants.

Petrol up by 5p a litre; cigarettes up by 10p for 20; no change in duty on beer, wine or spirits, but cider up by 21p a pint.

Old age pensions up by £10 per week for single people, and £20 per week for couples.

Child benefit up by £25 per month for first two children, and £30 for third and subsequent children.

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550 extra teachers from next September.

Income tax: basic personal tax credit to increase by €123 (£96.87) to €1,520 and the PAYE tax credit by €152 to €660; standard rate band to rise by €2,605 to €28,000 for a single earner.

Employers' PRSI reduced from 12 to 10.75% from March 1st

Corporation Tax reduced from 20% to 16% from January 1st, 2002.

Corporation Tax payments will fall due earlier from 2002. In the next five years companies will have to pay corporation tax seven months earlier to the Revenue Commissioners.

Top VAT rate up from 20 to 21% from March 1st