Government 'to reveal Budget plans in October'

It has reported today the Government will reveal within the coming weeks plans to increase taxes and cut spending over the next three years.

According to the Sunday Business Post, Finance Minister Michael Noonan will give the details of a pre-Budget assessment in October.

The move is intended to give certainty to the markets, as well as consumers, as the Government seeks to encourage confidence in its recovery.

The Government is planning cuts of at least €3.6bn for next year, though there have been warnings that this figure could rise to €4bn.