The Government has been urged to scrap plans to cut taxes in next month’s Budget, with one economic think-tank saying it risks widening the gap between rich and poor.

An economic think-tank has sought to challenge the perception that social welfare rates are “generous” when measured against the remuneration the person would receive if they chose to work.

The equal split approach, between spending increases and tax reductions, being proposed for October’s budget has been rejected as “inappropriate”, given the current levels of both revenue and spending.

Negotiations on the transatlantic trade and investment partnership should be suspended amid concerns over the accuracy of purported benefits of the deal, an economic think-tank has said.

The Nevin Economic Research Institute forecasts that the economy will grow by 0.5% this year and 1.1% next year, with unemployment dropping to 10.4% by 2016, according to its latest Quarterly Economic Observer.

Mezzo-contralto Amanda Neri and Cork city councillor Ken O’Flynn are among a large number of singers and musicians who have joined forces to raise funds for Cork Penny Dinners by recording a CD.

Europe’s top cruise operator came under pressure at pre-trial hearings into the Costa Concordia disaster as captain Francesco Schettino faced survivors for the first time.

The Fiscal Advisory Council (FAC) has questioned suggestions by rival economic think-tank the Nevin Economic Research Institute (Neri).

The Government is undermining consumer confidence by consistently peddling the line that the upcoming budget will be the toughest one yet.

The Government should protect employment levels and domestic demand by maintaining total expenditure at 2012 levels in December’s budget.

A new economic thinktank has urged the Government to stop cutting public spending and increase taxes in a bid to revive the economy.

CONNACHT’S proud tradition in Europe took a beating in Italy on Saturday night, falling to tournament newcomers and underdogs I Cavalieri Estra.