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VAT reduction 'created jobs'

THE reduction of the food VAT rate to 9pc has led to the creation of 31,584 jobs, according to the Restaurants Association of Ireland.

The group published a report which it said has highlighted the positive impact of the VAT rate, which was introduced in 2011.

It estimated that the jobs were created in the food and accommodation sector.

In July 2011, the VAT rate was reduced from 13.5pc to 9pc for tourism-related services and goods.

Implant ends need for glasses

Reading glasses could be banished for ever after scientists developed a technique to reverse vision problems in ageing eyes.

As some people age, their ability to switch focus between near and distant objects diminishes, a condition known as presbyopia.

It can skew the perception of depth and makes reading in poor light impossible.

Now scientists have developed a tiny implant, no bigger than a pinhead, which sits inside the cornea and slightly increases its curvature, to allow the eye to focus again.

Scotland could share pound

Westminster could be convinced to share the pound with an independent Scotland but it would leave Holyrood with little control over Scotland's monetary and fiscal policy, according to a think tank.

All major UK parties have ruled out a currency union, but this has been dismissed as pre-referendum posturing by the SNP, who insist Scotland will keep the pound with the backing of the Bank of England.

Best ever riff to be revealed

The greatest guitar riff of all time, as chosen by BBC Radio 2 listeners, is to be will be revealed today.

A panel of music experts, including music critics, record producers and the station's presenters, helped produce the top 100, which spans generations.

David Bowie's Ziggy Stardust, Arctic Monkeys' Do I Wanna Know?, Guns N' Roses' Sweet Child O'Mine and Nirvana's Smells Like Teen Spirit all feature.

Others include Livin' On A Prayer by Bon Jovi and Pink Floyd's Money.


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