Jobs Initiative, Main Points

 A 0.6 per cent levy on pension funds to raise €470 million a year.VAT on tourism-related goods and services will be cut to 9 per cent.

Air travel tax will be suspended.

Employers’ PRSI for workers on below €356 a week will be halved.

The minimum wage to be restored to €8.65 per hour from July 1st.

Extra funds for work on regional roads and schools.

More training places, back to education initiatives and internship scheme will provide 20,900 places.