What's In The Plan

For Employers

For Employers

* The lower rate of PRSI will be halved until end-2013 on jobs that pay up to €356 per week, but the cut in the minimum wage will be reversed

* An unspecified package of measures to make credit available to business.

For Construction

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* An additional €135 million to invest in "worthwhile and necessary" capital projects as part of its jobs creation strategy. Other capital projects will be delayed.

Tourism

* A new temporary second reduced rate of VAT at 9 per cent will be introduced with effect from July 1st, 2011, until end-December 2013 targeted at services relating to tourism. Plan to cut the lower rate has been shelved.

* The air travel tax rate to be reduced to zero on a date to be fixed by order.

* Reform of visa rules to try and capitalise on visitors to London Olympics.

For The Unemployed

* Around 30,000 new places on skills course and other labour force activation schemes

To Pay For It All

A temporary levy on funded pension schemes and personal pension plans of 0.6 per cent for a period of four years beginning this year and which is intended to raise about €470 million in each of those years.