The Government will unveil its Economic Recovery Plan later today which is expected to lay out a roadmap for the economy as it emerges from the impact of Covid-19.
There will be many different aspects to today's Recovery Plan. Much attention will be focused on the detail of the planned withdrawal of the PUP and wage subsidy schemes.
The PUP is expected to close to new entrants from next month and to reduce in instalments of €50 from September. The wage subsidy scheme and commercial rates waiver are both expected to continue until at least September.
It is understood the cost of extending these schemes will be around €2 billion. Supports for small and medium sized companies get into the export market will be announced as well as 50,000