Cabinet set to approve reduced concrete block levy of 5%

The matter was tabled at Cabinet on Tuesday following a meeting between Mr Donohoe and the three Government party leaders on Monday night

The levy was supposed to kick-in in April, but sources say it will not now be imposed on builders and homeowners until the end of the summer. Picture: PA

The Cabinet is set to approve a reduced concrete block levy of 5% as opposed to the 10% previously sought by Finance Minister Paschal Donohoe.

In what is seen as a significant dilution of the original plan announced on Budget Day, senior Government sources have confirmed the reduction in the proposed levy, with Mr Donohoe adamant that the levy in principle had to be introduced.