Author: splash

No changes to Budget framework despite better tax receipts – Donohoe

The Minister for Finance has said he is not looking at making any further changes to the framework for October’s budget beyond what was set out in the Summer Economic Statement, despite better than expected tax receipts in recent months. Paschal Donohoe was speaking during a webinar organised by the farm and agribusiness professional services […]

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1 in 5 SMEs expect to pass on higher costs

Over a fifth of SMEs expect to pass higher prices on to their customers as a result of inflationary pressures, according to a survey of SMEs by the peer to peer digital lending platform Linked Finance. That is up from just 6% a year ago. Rising costs are particularly apparent in larger SMEs – defined […]

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Govt delays PUP move to Jobseekers payments to October

The Government has said that no recipients of the Pandemic Unemployment Payment (PUP) will be transitioned to Jobseeker payments before October 22. It had planned to move recipients whose payment was at or had been reduced to €203 over to Jobseekers payments in September as part of the wind down plan for the scheme. “This […]

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Euro zone growth revised up as consumer spending rebounds

The euro zone economy grew by more than initially forecast in the second quarter of the year, revised data from the EU’s statistics office showed. Today’s figures showed that consumer spending rebounded sharply after two quarters of decline during Covid-19 lockdowns. Eurostat said today that gross domestic product in the 19 countries sharing the euro […]

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ISIF makes €450m gain in H1 as it plans green investment

Ireland’s €9.2 billion sovereign investment fund has almost doubled its total investment gains in eighteen months. The Ireland Strategic Investment Fund – which has a mandate to invest on a commercial basis to support economic activity and jobs – generated an investment return of €450 million in the first half of 2021. It brings to […]

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New Covid scheme for business opens to applicants

A new targeted Government funded support scheme, aimed at assisting vulnerable but viable businesses whose earnings have collapsed due to Covid-19 restrictions, has opened for applications. Under the Business Resumption Support Scheme (BRSS) registered firms can claim a single payment equivalent to three times their average weekly turnover in 2019. Businesses availed of other schemes […]

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Covid costs Ireland’s tourism sector an estimated €13.4bn

The Covid-19 pandemic has cost the tourism sector here €13.4bn and 100,000 jobs have been lost as a result, a new report claims. The study by the Irish Tourism Industry Confederation (ITIC) says the reduction of overseas visitors has cost the industry €8.1bn since 2019, with lost fares to Irish carriers accounting for €3bn. The […]

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European banks still booking profits in tax havens – report

Top banks in Europe continue to use tax havens to book chunks of profits, a trend that has changed little since 2014 despite country-by-country disclosures becoming mandatory, the EU Tax Observatory said in a report. The independent research body is co-financed by the European Union. It said disclosures from 36 major European banks showed they […]

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First EI in-person Enterprise Ireland trade mission since pandemic onset

Enterprise Ireland’s first in-person trade mission since the onset of the Covid pandemic starts today in London, before moving on to Paris and Berlin. The three day mission is being led by Tánaiste and Minster for Enterprise Leo Varadkar. It is also the first physical trade mission since the new post-Brexit trade agreement between the […]

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Call for €10 rise in core social welfare rates in budget

An increase of €10 per week in core social welfare rates, enhancing the support grant for carers and a single rate state pension are among the measures being called for by Social Justice Ireland in its pre-Budget submission. As well as increasing welfare payments, SJI is urging the Government to commit to benchmarking core social […]

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