Category: Syndicated

The imposition of tariffs in the event of a no-deal Brexit will inevitably see consumer prices rising here, according to Retail Ireland. Thomas Burke, director of the Ibec retail industry group, said the imposition of tariffs of up to 30 or 40% on some products couldn’t be absorbed by the retail industry. The sector, he […]

How Irish policymakers manage the fall-out from Brexit – regardless of the form it takes – will be important for assessing Irish credit fundamentals into the future, according to Canadian credit rating agency DBRS. How effectively authorities use fiscal and macro-prudential policy tools to manage the eventual Brexit outcome are an important test in terms […]

Sterling extended its fall today after data showed that Britain’s economy last year grew at its slowest since 2012, with Brexit uncertainty hitting investment. The quarterly GDP numbers followed other data in recent weeks that paint a picture of a UK economy slowing into 2019 as businesses and consumers grow increasingly nervous about Britain’s departure […]

Sterling extended its fall today after data showed that Britain’s economy last year grew at its slowest since 2012, with Brexit uncertainty hitting investment. The quarterly GDP numbers followed other data in recent weeks that paint a picture of a UK economy slowing into 2019 as businesses and consumers grow increasingly nervous about Britain’s departure […]

The EU should hand back tax payments it would receive on Irish imports from the UK if there’s a no deal Brexit, a leading accountants’ group has warned. If there’s no deal the EU will get 80pc of the VAT paid by Irish firms on UK imports under WTO rules, the Association of Chartered Certified […]

With just 46 days left until the UK is due to leave the EU, a new survey in Ireland has found that more than half of small and medium-sized enterprises (SMEs) have yet to begin Brexit planning. The AIB Brexit Sentiment Index also found that the Irish tourism industry is the one already feeling the […]

The number of people on the live register decreased 1.6pc in January to 200,300. This is the lowest number recorded in the seasonally adjusted series since April 2008. According to the latest figures from the Central Statistics Office (CSO), in unadjusted terms, there were 199,627 persons signing on last month. This represents an annual drop […]

The European Commission has revised downwards its GDP forecast for Ireland as our “economic outlook remains clouded by uncertainty”. In its quarterly economic forecasts, the EU executive said that domestic economy is expected to expand at an average rate of 4pc this year and next. The Commission cited “robust employment developments, stronger wage growth and […]

Sought-after professionals will pick up pay rises of up to 20pc this year as employers predict a “Brexit boost”. Workers in skilled financial services and IT roles are set to reap the benefits of new opportunities as companies locate their European bases in Ireland rather than the UK. Recruitment firm Morgan McKinley found that 52pc […]

The Central Bank has been able to provide assurances that the financial system as a whole was resilient enough to withstand a hard Brexit and that the most material ‘cliff-edge’ financial stability risks arising from Brexit “have been largely mitigated”. Finance Minister Paschal Donohoe said he has met with top officials from the National Treasury […]