Cynthia Ní Mhurchú said she will support amendments to new EU laws that would stop businesses from refusing cash

Ireland’s rate of 26.3 per cent was the seventh highest among the 27 EU member states and twice the EU average.

The pension cap is a result of a 'pension accord' agreed in 2013 between An Post and the Communications Workers' Union (CWU).

Holly Cairns said ministers have tried to ‘splash cash around indiscriminately’.

Vinod Bajaj said the government needs to set out a clear pension plan for the years ahead.