Once we were big spenders but now Irish people are savers. Many billions of euros – €126 billion in fact are stashed away in deposits and savings.
Finance Minister Michael Noonan announced in the Budget that the savings tax rate known at DIRT will rise from 33% to 41% in January, in an effort to get people to spend in the economy.
The Minister also retained a controversial levy on private pensions, the money is being used to create jobs. So how will the Budget change the way we think about our investments?