Economy to slip into recession after no-deal Brexit – Central Bank The Central Bank has delivered its first detailed forecast for what the economy might look like under a disorderly, no-deal Brexit. The bank believes the worst impact will be felt in the early part of next year. It expects disruption to trade at ports […]
Author: Practicenet
Irish mortgage rates still higher than euro zone average New figures from the Central Bank show that Irish mortgage holders continue to pay the second highest interest rates in the euro zone. The average interest rate on all new mortgages issued here in August stood at 2.99%, down two basis points since the beginning of […]
Tech tariffs may spark retaliation from China China has signalled it intends to hit back after the Trump administration placed eight of the country’s technology giants on a blacklist over alleged human rights violations against Muslim minorities. Asked yesterday whether China would retaliate over the blacklist, foreign ministry spokesman Geng Shuang told reporters “stay tuned”. […]
Manufacturer slowdown starts to hit jobs market Jobs growth in manufacturing stalled for the first time since 2016 this month. A fourth consecutive month of weaker manufacturing conditions has started to feed through to weaker hiring data, according to a survey. AIB’s Manufacturing Purchasing Managers’ Index showed a drop in new orders led to a […]
Government will only borrow if it needs to for no-deal The Minister for Finance has said €650m will be made available to support the Agriculture, Enterprise and Tourism sectors and to assist regions most impacted by a no-deal Brexit. The money will be made available in the event of a no-deal. €220 million of that […]
€1.2 billion package to deal with Brexit – Donohoe The Minister for Finance and Public Expenditure and Reform Paschal Donohoe has today announced an overall package of over €1.2 billion to respond to the threat of a no deal Brexit. Delivering Budget 2020 in the Dáil, Mr Donohoe said some of these funds will be […]
Fuel prices rise as Dáil passes Budget 2020 carbon tax increase Some key taxation elements of Budget 2020 were passed by the Dáil last night, including the controversial increase in the carbon tax. The number of deputies who voted in favour of the measure was 97, with only 36 opposing the increase and two TDs […]
Pound falls as doubts grow over chances of last-minute Brexit deal Sterling fell in early London trading today as investors grow increasingly concerned that Britain and the European Union were no closer to agreeing a Brexit withdrawal deal. British lawmakers have passed a law requiring Prime Minister Boris Johnson to seek a delay to Brexit […]
Ireland was a net contributor to the EU budget in 2018 Ireland was a net contributor to the European Union budget to the tune of €315m in 2018, according to the latest report by the EU’s financial watchdog. The sum represents an increase from €173m in 2017 and €181m in 2016. However, officials expect Ireland’s […]
Donohoe says absolutely no surprises in Budget 2020 The Minister for Finance has said there will be “absolutely no surprises” in the Budget to be outlined this afternoon. Speaking as he arrived at the Department of Finance this morning, Paschal Donohoe said all of the main features of Budget 2020 are well known. He said […]
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