Taoiseach Leo Varadkar has confirmed that the €350 a week pandemic unemployment payment will be reduced for part-time workers.

It's believed that the payment could be cut by 40% in line with the jobseeker's allowance paid to the unemployed.

However, the Taoiseach stated that part-time workers would still be earning more than they were prior to the pandemic.

Ian Guider, markets editor with the Business Post, joined us for the business news with this story and more, including:

• Ibec warns the economic damage done by coronavirus will be harder if the government does not speed up the re-opening of the economy
• The National Lottery paid out half a billion euro in prizes last year - and its own profits almost doubled
• Mortgage approvals drop by more than 40% in April
• Free Now to put a screen between taxi drivers and passengers

Listen to the interview in full by pressing the play button on this page.