Opening Bell: €3bn government spending plan, only 25% of AIB to be sold by 2019, Apple teams with SAP

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The draft programme for government for the new Fine Gael-led minority administration plans to increase public spending by €3.18bn between now and 2021.

Additional spending will be used to meet the cost of Ireland's growing, and aging population. There are also plans to increase spending on core public services including, health, education, child development care services, and services for people with disabilities.

Revenue will be increased through new measures like a sugar tax and increased tax on tobacco.

The document adds, "New investment in public services will allow the new government to recruit additional front-line service professional such as doctors, nurses, gardaí, teachers, and social workers within a reformed and better-managed public service."


The Irish State will not sell of anymore than 25% of AIB before 2019 according to the same draft programme for government.

No details are offered as to when this would be likely to take place, sitting finance minister Michael Noonan previously said that Fine Gael would be ready to call for the sale during 2016 should voters return the party to power.

Mr Noonan previously indicated that the sale of the next 25% would happen between 2017 and 2020.

The new regime will also create a new court to deal with mortgage payments, which will have powers to pressure mortgage providers to reduce rates to pass savings on to customers.


Apple has announced that it will partner with German software giant SAP to collaborate to develop business apps for iPhone and iPad.

SAP will create new iOS apps, it is expected to release a software development kit by the end of 2016.

Kevin Ichhpurani, SAP's executive vice president of strategic business development, commented on the deal, "This partnership will transform how iPhone and iPad are used in enterprise by bringing together the innovation and security of iOS with SAP’s deep expertise in business software," he said.


It's hoped a virtual reality show promoting Irish and British farming could help to encourage more people to join the industry.

Figures suggest more than 100,000 new recruits are needed by 2022 - to help feed a growing population.

McDonald's is taking a roadshow across the country to provide an insight into how food is produced.