Category: Syndicated

Supermarket sales dip by 5.2% over Christmas period

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 […]

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Small firms have muted expectations for 2022 – SFA

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 […]

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Poverty levels jump after households receiving subsidies pay rent – SJI study

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 […]

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Spend in bars and on testing rose in December – Revolut

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 […]

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Budget measures helping people cope with inflation – Donohoe

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 […]

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‘Exponential growth’ in customs declarations – Revenue

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 […]

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Deficit on course to fall to 2% of GDP

The deficit in the state finances has fallen to as low as 2% of GDP for 2021, which would make it one of the smallest deficits in the OECD, according to Davy. The stockbroker’s chief economist Conall MacCoille bases his calculations on expectations that the general government deficit will come in just under €9 billion, […]

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Coveney to meet UK’s new Brexit minister Liz Truss

Minister for Foreign Affairs Simon Coveney will meet British Foreign Secretary Liz Truss in London this evening. It will be the first opportunity for the ministers to meet in person since Ms Truss took over Brexit responsibilities, as well as the Foreign Secretary role. The two have already held a long virtual meeting, which included […]

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Highest ever tax take of €68.4bn – Exchequer returns

The Department of Finance has recorded the highest ever tax take of €68.4 billion, pushing the Exchequer deficit down to €7.3 billion. According to the latest Exchequer figures, tax receipts were up by €11.2 billion (19.7%) on 2020. This was the highest ever tax yield, over €9 billion ahead of the previous highest yield reached […]

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Central Bank’s revised SFS now simpler and shorter

The Central Bank has today published a revised simplified Standard Financial Statement to assist borrowers in financial distress after a review. The SFS is used by banks and lenders to gather information from distressed borrowers on their current financial situation. Once it is completed, the lender can assess whether it can offer a borrower an […]

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