Government urged to set up €1bn Brexit Response Fund The British-Irish Chamber of Commerce has called on the Government to set up a €1bn Brexit Response Fund to help Irish businesses withstand a ‘Brexit shock’. It said such a fund would assist the most vulnerable businesses through the Brexit period. The chamber said the Government […]
Author: Practicenet
Average weekly pay increased at fastest pace in a decade in Q2 Wage pressures are continuing to take hold in the economy with average weekly earnings growing by 3.5% in the year to June, the highest rate of growth in around a decade. According to figures from the CSO, average weekly earnings stood at €771.12 […]
‘Reduce national debt with any corporate tax windfall’ – Central Bank The Acting Governor of the Central Bank has urged the Minister for Finance to use any unexpected windfall in corporate tax this year to reduce the national debt, which stands at just over €200 billion. In a pre-Budget letter to the Minister published today, […]
Car sales slump drives Ireland’s retail activity 4.3pc lower in July An unseasonal slump in new car purchases drove Ireland’s retail sales sharply lower last month, the Central Statistics Office reported on Wednesday. Sales declined by 4.3pc in both value and volume terms versus June levels, chiefly because many Irish car hunters are opting to […]
Sterling dives as fears of no-deal Brexit grow Sterling dived as concerns rose that the United Kingdom may be headed for a disruptive no-deal Brexit after Prime Minister Boris Johnson moved to restrict parliamentary time before October 31. Mr Johnson said he would schedule a Queen’s Speech for October 14 in order to launch new […]
US firms make $83bn profits in Ireland American multinationals made more profits in Ireland in 2017 than in six of the world’s largest economies combined, according to new official data. The Bureau of Economic Analysis released its annual report into the activities of American multinationals on Monday and it showed they reported $83bn in profits […]
Irish employment growth slows to a 6-year low New figures from the Central Statistics Office show the numbers employed in the economy falling from March to June of this year. The CSO’s latest Labour Force Survey has led to an upward revision in the unemployment rate for July from 4.6% to 5.3%. The number of […]
Ireland is not a tax haven – Dept of Finance Ireland does not meet any internationally recognised standard of being a tax haven, according to a statement from the Department of Finance. The department is reacting to a report in today’s Irish Independent detailing new figures which show that US mulitnational companies based in Ireland, […]
Online shoppers face changes and charges post-Brexit Consumer buying goods online from the UK face immediate changes with increased VAT and import tariffs when the package is delivered by An Post to their home in Ireland, if Brexit goes ahead at the end of October. On a visit to the An Post Mail Centre in […]
Growth slows in OECD countries; marked slowdown in UK & Germany Economic growth across the OECD area slowed to 0.5% in the second three months of 2019. That compared to growth of 0.6% across the organisation’s 36 member countries in the previous three month period. Among the major seven economies, GDP growth slowed markedly in […]
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