Maurice Cummins (Fine Gael) | Oireachtas source

Members of the Opposition and people from various sectors of society asked us to retain that rate and we are doing so. It will provide meaningful support to small businesses, hotels and those involved in the hospitality sector. As has been mentioned, the air travel tax rate has been reduced to 0%. We have heard that Ryanair plans to increase the number of passengers who come to Ireland. We have also heard about the wonderful airports in Shannon, Cork and Knock. I hope my own little regional airport in Waterford will gain some business as a result of this measure.

Under the other home renovation schemes, incentives of up to €4,050 will be made available in respect of renovation and maintenance work. The Living City initiative has been mentioned by several Members this morning. The capital gains exemption on commercial property has been extended to 2014. The trade finance initiative will support Irish exporters. The farmers' flat rate addition is being increased to 5%. The farmers' retirement relief is also being extended. It has been decided to include non-EU talent in the film relief scheme. Small and medium-sized enterprises will benefit from a mentoring programme and from seven anti-fraud measures.