Economist and journalist Colm McCarthy has forecasted that air fares will rise by 30% should the European Commission increase their carbon tax on jet kerosene. He joins Ciaran Hancock and business reporter Barry O’Halloran in studio to discuss how this increase, along with the removal of the VAT exemption, will send the price of air travel soaring.

But first, Peter Hamilton has a roundup of the week’s big business stories including which Irish city has been named the most efficient place to start a business.