Category: Syndicated

UK inflation hits more than three-year low, raising pressure on Bank of England

January 16, 2020By PracticenetSyndicated

UK inflation sank unexpectedly to a more than three-year low in December as hotels slashed prices, ramping up expectations that the Bank of England will cut interest rates as soon as this month. Consumer prices rose by 1.3% in annual terms compared with 1.5% in November, the smallest increase since November 2016, the Office for […]

UK consumers banned from using credit cards to gamble

January 15, 2020By Practicenetconsumers, Syndicated

Gamblers in the UK will no longer be able to use their credit cards to place bets online after a major shake-up of rules announced by the industry regulator. From 14 April, people wanting to place bets online will have to do so by using either a debit card or through cash deposited into an […]

China trade surplus with US dropped 8.5% to $296 billion

January 15, 2020By PracticenetSyndicated

China’s trade surplus with the US narrowed last year as the world’s two biggest economies exchanged punitive tariffs in a bruising trade war, new data show today. The figures come as the two countries prepare to sign a deal dialling down tensions. The huge difference in trade traffic is a key bone of contention […]

Used car sales reach highest ever level in 2019 – CSO

January 15, 2020By PracticenetSyndicated

New figures from the Central Statistics Office show the number of new cars licensed for the first time fell by 6.5% in 2019, while the number of used car sales rose by 9.5% to reach its highest ever level. The CSO said that a total of 113,305 new private cars were licensed for the first […]

USC threshold increasing due to rise in minimum wage

January 14, 2020By PracticenetSyndicated, usc

The threshold for USC is to be raised to allow for a previously announced increase in the minimum wage. This will benefit all taxpayers as well as ensuring those on the minimum wage will continue to pay USC at a maximum rate of 2%. Last month the government announced it had decided to raise the minimum […]

December grocery sales pass €1 billion for first time

January 14, 2020By Practicenetretail, Syndicated

The grocery market hit a new milestone over the Christmas weeks, as sales in December passed the €1 billion for the first time ever. The latest figures from Kantar show that although sales growth slowed in the 12 weeks to 29 December, the grocery market weathered difficult trading conditions to increase overall sales by 1.5% […]

Davy upgrades GDP growth forecast for 2020 to 5.5%

January 14, 2020By Practicenetgdp, Syndicated

Stockbrokers Davy have revised upwards their GDP growth forecast for 2020 to 5.5% from 4.1% previously. Davy said the upgrade came on the back of strong foreign direct investment, expansion in the multinational sector and an exceptional export performance. The new forecasts puts Davy well above official projections including the Central Bank’s estimate of 4.3% […]

Mortgage holders benefit from – and need – advice, says ESRI

January 13, 2020By Practicenetmortgage, Syndicated

The Economic and Social Research Institute has found that mortgage holders can get a better deal when they read independent advice. However, the think tank also found some serious misunderstandings about how mortgages work. The ESRI and the Competition and Consumer Protection Commission brought together a sample of 110 people with mortgages and gave them […]

Proposed laws aim to create new online safety regulator

January 13, 2020By Practicenetonline, Syndicated

Internet and social media services could in future be blocked for not complying with online safety rules, if draft new legislation published by the Government today comes into force. Under the proposed new laws, internet companies will be legally obliged to comply with new online safety codes. If the legislation is passed by the Oireachtas, […]

Numbers signing on Live Register fall again in December – CSO

January 13, 2020By Practicenetlive register, Syndicated

The number of people signing on the Live Register is at the lowest level since January 2008, new figures from the Central Statistics Office show. The CSO said the Live Register total recorded a monthly decrease of 1,100 in December, which brought the seasonally adjusted total to 185,300. In unadjusted terms, a total of 181,996 […]

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