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Watch: We answered all of your Budget 2018 questions live

USC cuts, tax band increases and the Christmas bonus.

Source: TheJournal.ie/YouTube

PASCHAL DONOHOE INTRODUCED yesterday’s Budget as one that would “promote fairness” and allow for “sustained improvements” in the standards of people’s lives.

Among the changes announced for 2018 were a €5 increase in weekly social welfare payments, a cut to USC rates, more funding for social housing, plus the well-flagged sugar tax, stamp duty increase for commercial property and a Rainy Day Fund.

But what does all of that mean for your spending, your take-home pay and your bank balance? Earlier this morning we spoke to KBC chief economist Austin Hughes live on Facebook, to get his take on Budget 2018 – and to answer some of your pressing questions. Watch it back above.

Want to figure out exactly how much more or less you’ll be ending up with next year? Use our Budget 2018 calculator via the button below.

Presented by Sinéad O’Carroll. Video by Nicky Ryan.

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