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Next Budget won't be early Settlement in air seat dispute

The Government will not hold a Budget before December, the Taoiseach confirmed today.

"With revenues coming in on stream and with spending down 10pc over the first quarter compared to last year and being on target it is not envisaged that we would have any requirement for a Budget other than at the end of the year, thankfully," the Taoiseach told the Dail.

Mr Cowen also said the massive €500bn guarantee to bail out the euro, agreed at the weekend in Brussels, was necessary. He added that solidarity had to be shown to ensure the stabilisation of the single currency.

Settlement in air seat dispute

TWO companies which make treated fabric for aircraft seats have settled their dispute with an English firm over allegedly supplying them with a fire-retardant product which caused corrosion in aircraft.

Botany Weaving Mill Ltd and Cuan Tamhnaigh Teoranta, with premises at Kilcar, Donegal, and Cork Street, Dublin brought the case against Firestop Chemical Ltd, Holmes Chapel, Cheshire.

At the Commercial Court yesterday, Mr Justice Peter Kelly was told the dispute had been successfully mediated.

The plaintiffs had claimed airlines sought damages over the corrosion, and that their reputation also suffered.