Varadkar: Coalition has agreed Budget

Varadkar: Coalition has agreed Budget

The Transport Minister Leo Varadkar has said the Coalition has reached agreement on next year's Budget.

The Cabinet met in private last night to iron out the details, with reports of a division between Labour and Fine Gael over the Health Minister James Reilly.

It is reported in today's Sunday Independent that earlier this week, Education Minister Ruairi Quinn said it is the shared view of Labour TDs and Cabinet that Minister Reilly is not up to the job and should go.

Reports also suggest that a so called "mansion tax" has been agreed for the Budget to be announced on Wednesday.

This would see a higher rate of the property tax applied to houses worth more than €1m.

Minister Varadkar is keeping tight-lipped about the details of the Budget and he said the exact figures for taxes in 2013 will not be signed off on until Wednesday morning.

The Transport Minister said: "We all know the shape of it, but the exact details of it, whether it is 1.1 or 1.2, that type of stuff - or one cent on this or one cent on that - the detail of that will be kept very tight until Wednesday morning.

"That is for two reasons really, one is probably because it will leak if it was discussed too widely and secondly there is an issue with markets and rushing to buy petrol and rushing to buy alcohol."

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