What it says in the papers

Warning on USC abolition; US on attack over tax; Banks can get around mortgage rules

The main headlines from today's newspapers

IRISH TIMES

- The Irish Times says the Government has been warned that it may have to increase property tax by 600 per cent or raise the price of petrol, diesel and alcohol if it scraps the universal social charge (USC). The paper says Department of Finance documents released under the Freedom of Information Act warn against the removal of the levy as it would narrow the tax base.

- In business, the ...