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Latest StoriesYou are in: BBC Newsline > Latest Stories > Budget day down south ![]() Budget day down southBrian Lenihan unveiled a set of measures to try to stabilise the Republic's economy Donna and Noel outline the main points of the mini budget Help playing audio/video Our Dublin Correspondent Shane Harrison explains the measures introduced in the new budget, who they are likely to affect and what the impact may be, particularly on border areas. Help playing audio/video Some have described it as unpatriotic to cross the border to shop. For others it's necessary to make ends meet. For decades, people living on an near the border have shopped north or south depending on the prices or exchange rates. In the past six months or so, with more pounds for your euro, the northern traders have benefited. But with new budget measures, like increased income tax and a 25 cent price hike in cigarettes, Simon Hunter has been to Newry to see how southern shoppers have been reacting. Help playing audio/video What about the traders? To gauge their reaction our reporter, Chris Page, was also in Newry. Help playing audio/video ![]() It's happening just five months after the main budget because of the huge hole in the government's finances, an estimated 22 billion Euros. In simple terms - people aren't spending, so there's less tax for the coffers. Compared to the UK, the South has a generous social welfare system and nearly 40% of the population, the lower paid, pay virtually no income tax. That may be about to change. Our Dublin correspondent Shane Harrison went out to talk to people about their hopes and fears before budget day. Help playing audio/video Help playing audio/video last updated: 08/04/2009 at 12:26 SEE ALSOYou are in: BBC Newsline > Latest Stories > Budget day down south
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