Author: splash

The gap between the highest and lowest mortgage rates has stretched to a five-year record. It comes after the launch of a mortgage rate of less than 2pc which has driven a surge in switching activity. The new rate is the lowest in this market for 12 years. The gap in rates means the difference […]

The pandemic has prompted people to put more emphasis on the need to plan for their financial future. More than six out of 10 people said they now see planning for their financial futures as more important than they did prior to the Covid-19 outbreak. However, less than half of those surveyed said they are […]

The ESB has teamed up with a Chinese-owned firm to develop a €3bn-plus wind farm off the coast of Scotland. It’s the second major Scottish offshore wind farm project that the semi-State ESB has signed up to in the past year. In its latest deal, the ESB has inked a 50-50 joint venture with Edinburgh-based […]

Improving trends in the housing market should help banks restore some of their lost income from depressed mortgage activity, according to Goodbody. The stockbroker said it expected mortgage lending to decline 20pc this year to €7.6bn – better than the previous estimate of €6.9bn before growing in 2021 to €8.6bn. The change in forecast followed […]

UK trade with the EU will face “significant disruption” when the Brexit transition ends, regardless of whether a trade deal is agreed, the UK government spending watchdog has warned. The National Audit Office (NAO) said preparations for the new border controls – which had already been rated “high risk” – had been further hampered by […]

Credit and debit card spending dropped following the introduction of Level 5 restrictions, according to the latest data from the Central Bank. As seen with the original restrictions in March, the figures show that spending increased in the days leading up to the new restrictions being introduced, and in this case peaked on the day […]

Prime and secondary retail rents could fall by 11pc and 13pc respectively over the 12 months to the end of September 2021 according to the latest survey of Irish chartered surveyors. At the same time prime and secondary office rents are expected to fall by a respective 5pc and 7pc over the same period according […]

Former head of the Revenue Commissioners Josephine Feehily is to head up a new commission that will make recommendations to the Government on the age that people will qualify for the State pension. Ms Feehily has also chaired the Policing Authority since she stepped down from her role leading the tax authority. The new Commission […]

Housing output was not as severely affected by the pandemic restrictions as previously thought, according to Goodbody. Its latest BER Housebuilding Tracker – which it calculates using data from Building Energy Regulation certificates – estimates that 5,500 units were completed in the third quarter of the year. That was up from 3,290 in the second […]

Business activity for Ireland’s services sector suffered a second monthly decline in October as uncertainty over the pandemic and Brexit hit expectations, according to the AIB Ireland Services PMI. The “renewed downturn” in activity followed a brief period of growth in July and August after the economy re-opened following the first Covid-19 lockdown. The rate […]