Minister for Finance, Paschal Donohue will announce the tax and spending measures for next years Budget in the Dail today.

The Cabinet will include a five-euro increase in Social Welfare payments and a reduction in the 4.75% rate of the USC.

There will be an increase of 50 cent in a packet of cigarettes but there will be no increase in the carbon tax.

It is believed that there will be a 1% increase in vehicle registration tax for newly registered diesel vehicles.

-Noah Harte