Category: Syndicated

77% of companies planning pay hike for 2020 – Ibec

77% of companies here plan to increase pay in 2020, a new survey from employers’ group Ibec shows. The survey of over 400 firms was carried out in advance of Ibec’s HR Leadership summit today.  The average increase is expected to be of the order of 2.5%, similar to last year’s survey.  22% of companies […]

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Household debt continues to decline but still fifth highest in EU

New figures from the Central Bank reveal that while household debt continues to decline here, it remains the fifth highest in the EU. The Central Bank’s Household Credit Market Report for 2019 said that household debt stood at €136.9 billion, or €28,186 per person, in the first quarter of 2019. This compares with a level of […]

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Tax deadline looms for self-assessed taxpayers

The tax deadline for self-assessed taxpayers is at the end of the month.  It is that time of the year for self-employed and other self-assessed taxpayers to get their affairs in order before the October 31 filing deadline.  Unlike Brexit, it is a firm deadline, unless you are filing online in which case the deadline […]

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UK to focus on goods flowing as smoothly as possible

UK officials will prioritise the flow of goods into the UK over customs payments and paperwork in the event of a no-deal Brexit.  That is according to a UK government official, who said it would be possible for hauliers and others moving goods into Britain to complete customs declarations and pay duties afterwards rather than at […]

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High ranking in global pensions index masks underlying sustainability issues

High ranking in global pensions index masks underlying sustainability issues Ireland has the 11th best pensions system in the world, according to the 2019 Melbourne Mercer Global Pensions Index. The index placed Ireland ahead of countries such as Germany, the UK, France, Spain and Austria. However, the high ranking masks underlying concerns about sustainability. With […]

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Cautious welcome to Brexit deal from business groups north and south of border

Cautious welcome to Brexit deal from business groups north and south of border Business group Ibec said it was encouraged by the agreement between the EU and UK on a new Brexit Withdrawal Agreement. However, in a letter to members, Ibec CEO Danny McCoy said there had to be an awareness that the deal, if […]

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Retail suffers September slump amid uncertainty

Retail suffers September slump amid uncertainty Retailers have had their worst month since July 2013, according to research carried out among members of lobby group Retail Excellence Ireland. The Grant Thornton Retail Excellence productivity review for quarter three shows that sales were up by just over 1pc in July and August, but down 3.34pc in […]

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91% of households now have internet access

91% of households now have internet access New Central Statistics Office figures show that 91% of households have internet access in 2019, a rise of two percentage points since 2018. The CSO’s latest Information Society Statistics also reveal that fixed broadband is the most common type of household internet access at 84%, compared with 47% […]

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China’s growth slows to weakest level in 27 years

China’s growth slows to weakest level in 27 years China’s economy expanded at its slowest rate in nearly three decades in the third quarter, hit by cooling domestic demand and a protracted US trade war, data showed today. Chinese gross domestic product expanded 6% in the three months from July to September, down from 6.2% […]

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Activity in construction industry sees first slowdown in 6 years

Activity in construction industry sees first slowdown in 6 years Activity in the construction sector contracted for the the first time in over six years in September, Ulster Bank’s latest Purchasing Manager’s Index reveals. The PMI fell to 48.3 in September, a significant drop from 53.7 recorded in August. Any figure under 50 signals a […]

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