Author: Practicenet

A government plan aimed at mitigating the effects of Brexit places a major focus on women as well as the poaching of “globally renowned” workers from the UK. The ‘Action Plan for Jobs’ also confirms that a “rainy fund” will be launched in two years time when the fallout from Brexit is expected to be […]

A MAJORITY of so-called millennials are positive about the economic outlook for Ireland in the year ahead. A new survey by financial firm Deloitte found that 56pc of Irish people in the 18 to 34 year age group – dubbed millennials – expect the economy to improve over the next 12 months despite widespread geopolitical […]

The head of BNP Paribas Securities Services met Finance Minister Michael Noonan for an hour in December, during which they discussed the implications of Brexit. It is understood, however, that BNP – which already employs around 100 people in Dublin – gave no specific details about its plans to deal with the fallout from the […]

The Irish property market is being hit increasingly hard by Brexit, with estate agents all over the country reporting an average fall-off in demand by one-third from across the water. UK-based buyers – largely returning Irish emigrants who left here in the 1980s or after the recent economic crash – had been making up to […]

There is no evidence that banks are not passing on interest rates cuts, the ECB has claimed in a research paper. The ECB has slashed rates to 0pc in an attempt to stimulate lending, but Irish banks are still charging mortgage borrowers here in excess of 3pc. However the report, which looks at the euro […]

Two major Asian banks are in “advanced talks” with the State to move part of their London operations to Ireland in the wake of Brexit. It is understood that Japan’s Sumitomo Mitsui Banking Corporation (SMBC) and the Bank of China (BOC) have both held a series of pre-application meetings with the Central Bank ahead of […]

All eyes will be on Dublin today as British Prime Minister Theresa May travels to Dublin to hold a summit with Taoiseach Enda Kenny about the UK’s exit from the European Union. The Brexit meeting comes ahead of the British government triggering the formal Article 50 exit mechanism at the end of March. Tomorrow, European […]

Two-in-five workers expect a pay increase over the coming year, with less than 40pc of firms planning on increasing basic pay in the same period, according to the latest Economic Pulse from Bank of Ireland. External factors, including the prospect of a hard Brexit and a potential protectionist policy agenda by US President Donald Trump, […]

Companies that sell tickets for concerts and other live events are facing a probe from the State’s competition watchdog. It is understood that the investigation involves the main providers of tickets for live events, venues and concert promoters. The Competition and Consumer Protection Commission said it had launched an investigation into suspected breaches of competition […]

The roll-out of the new Central Bank rules on mortgage lending mean big changes this month for first time buyers across Ireland. Are you thinking of buying your first home? Saving a lump sum for a mortgage can be the biggest barrier but the easing of these rules means that your deposit as a first […]