Byrne's Europe run
FIANNA Fail senator Thomas Byrne has formally declared as a candidate in the European elections.
The Meath-based senator had initially ruled himself out as a candidate in the Midlands-North West constituency, however, he came under major pressure from the party leadership.
"I have been hugely encouraged by the level of support offered to me from across the country asking me to consider running for Europe," he told the Irish Independent last night.
Mr Byrne lost his seat during Fianna Fail's disastrous election in 2011. However, he was subsequently elected to the Seanad and put in a solid performance in the Meath East by-election, securing over 9,500 votes.
TAX ON OUR RESERVES
THE Government has appointed consultants to advise if taxes imposed on oil and gas finds represent the best return to the State.
Energy Minister Pat Rabbitte said the Government was seeking to "strike a balance" between attracting investment and maximising returns from natural resources.
The move comes after a Dail committee advised two years ago that the overall tax take should increase on a sliding scale from around 40pc at present up to 80pc for very large discoveries.