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Thu 10 Oct 2008President and Central Bank chief take pay cut

PAY CUTS:PRESIDENT MARY McAleese and the Governor of the Central Bank of Ireland, John Hurley, will take a 10 per cent pay cut following Minister for Finance Brian Lenihan's appeal to senior public servants to consider surrendering 10 per cent of their salary during his Budget speech.

President Mary McAleese has announced she will take a voluntary 10 per cent pay cut in her annual salary of €325,508. The Government secretariat was notified of her decision yesterday morning.

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