Author: Practicenet

Restaurants seek fresh VAT cut to combat hard-Brexit

Restaurants seek fresh VAT cut to combat hard-Brexit Restaurants here want the Government to reduce the VAT rate for the hospitality sector to 9% once again, ahead of a potential no-deal Brexit. The organisation has warned that one in five restaurants here is likely to close if the UK leaves the EU without a deal. […]

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Wall Street rises on strong retail sales data; recession fears remain

Wall Street rises on strong retail sales data; recession fears remain US stocks rose in choppy trading today, as strong July retail sales data and Walmart’s upbeat results eased some fears about the economy slipping into recession. However, a slump in shares of network gear maker Cisco limited gains. Cisco Systems Inc dropped 6.2% and […]

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Export values to the UK down in June but up for the half year

Export values to the UK down in June but up for the half year The value of exports fell by 5% in the month of June compared to the same month last year. According to figures from the CSO, goods exports totalled €12.1 billion in the month, a decrease of €663 million on June 2018. […]

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4,920 new homes built between April and June – CSO

4,920 new homes built between April and June – CSO There were 4,920 new homes completed between April and June, according to the CSO, an 11.8% increase year-on-year. More than half of those – 2,834 – were part of a scheme, which is classified as a development of two or more houses. That figure is […]

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Brexit impacting skill requirements of companies; state training body

Brexit impacting skill requirements of companies; state training body Brexit is having an impact on the skills requirements of companies here, according to the head of the state body tasked with upskilling the workforce. Paul Healy, CEO of Skillnet Ireland, said the decision of our nearest neighbour to leave the EU was affecting the training […]

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July was the busiest month ever at Dublin Airport

July was the busiest month ever at Dublin Airport Almost 3.5 million passengers travelled through Dublin Airport in July, making it the busiest month in the airport’s 79-year history. Passenger numbers increased by 4% compared to the same month last year as the airport welcomed an average of more than 110,000 passengers per day during […]

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2.2 million Irish people have private health insurance – Health Insurance Authority

2.2 million Irish people have private health insurance – Health Insurance Authority The number of people with private health insurance in Ireland rose to 2.2 million at the end of last year, representing 45% of the population, according to the Health Insurance Authority. The figures have risen year on year since 2014, and so has […]

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Consumer price growth slows in July – CSO

Consumer price growth slows in July – CSO Consumer prices rose by 0.5% in July compared to the same month of 2018, according to the Central Statistics Office. That represents a significant slowdown in the pace of inflation, which stood at 1.1% in the year to June and 1.7% in April. In the year to […]

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Ireland’s national debt reached equivalent of €42,500 per person in 2018

Ireland’s national debt reached equivalent of €42,500 per person in 2018 The amount of debt owed by the state rose to the equivalent of €42,500 for every person in the country last year, according to a new report released by the Government. The Annual Report on Public Debt shows that Ireland’s debt mountain stood at […]

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Euro zone bond yields sink further as trade war steps up

Euro zone bond yields sink further as trade war steps up Euro zone government bond yields slid back towards recent lows on Tuesday as investors remained cautious on risk after the US branded China a currency manipulator, escalating their trade war. Safe-haven bond yields fell, while global stocks extended already substantial losses on Tuesday, after […]

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