Category: Syndicated

The average take home pay of workers on the minimum wage increased over the years from 2016-2018, according to new research from the Economic and Social Research Institute. The report also finds that the hours worked by some on the minimum wage, fell by almost one hour per week. But the increase in the minimum […]

Almost 5,000 mortgages were approved in November, up 8.6% on the previous month but down 4.6% on the same time last year. New figures from Banking and Payments Federation Ireland reveal that over half of all mortgages approved during the month were for First Time Buyers (FTBs), while mover purchasers accounted for just under 28%. […]

Only one in 10 World Economic Forum members surveyed expects the global recovery to accelerate over the next three years, a poll of nearly 1,000 business, government and academic leaders found, with only one in six optimistic about the world outlook. Climate change was seen as the number one danger by respondents in the WEF’s […]

Thousands of public servants will have their working hours reduced back to lower pre-austerity levels from 1 July, if a recommendation made by an independent body examining the issue is accepted by the Government. Extra working hours were introduced for the public servants under the 2013 Haddington Road Agreement. The mechanism of additional hours was […]

New figures show that the value of the grocery market declined by 5.2% to €3.1 billion during the 12 weeks to December 26 as the market faced a tough comparison against record sales in 2020. But Kantar said that sales have grown by 10.9% compared to the same time in 2019. A total of €1.1 […]

Confidence among small businesses took a hit amid a new round of restrictions on hospitality venues which were introduced just before Christmas. The Small Firms Association said that 41% saw the business environment improving in winter 2021 compared to 55% last Summer. Many businesses are also dealing with increased costs and supply chain delays, which […]

The poverty risk of households that are in receipt of housing subsidies is two and a half times greater after they have paid their rent, according to an analysis by the think tank Social Justice Ireland. In its report ‘Housing and Poverty 2022’, the group concludes that the practice of using housing subsidies to support […]

Spending in bars rose 8% in December, despite the curbs put on socialising by Government Covid-19 restrictions. But the increase in hospitality spend also coincided with a massive jump in the amount spent on testing laboratories during the month, the figures from Revolut show. Spending on Covid testing by users of the online banking platform […]

The Minister for Finance says decisions made by the Government in last year’s budget will help individuals and households cope with the cost of inflation. Further decisions to reduce the price of energy bills will also assist the cost of living, he said. The annual rate of inflation rose to 5.3% in November, its highest […]

2021 saw an “exponential growth” in the number of customs declarations, according to headline results published by Revenue today. New EU VAT rules, which came into effect in July, and an increase in e-commerce which began during the pandemic saw a fourteen-fold increase in declarations. Revenue reported that 25.4 million customs declarations were processed in […]