News

Illustrator behind new €2 Dáil centenary coin stamping his mark on SME market

The illustrator behind the special €2 coin marking the 100 years since the first sitting of the Dáil is establishing his stamp on the SME market. The Central Bank of Ireland will mint one million of these new €2 coins for general circulation, their tiny decorated canvas featuring the words ‘An Chéad Dáil’, as the […]

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Bank of Ireland cuts some fixed mortgage rates, but increases others

LEADING mortgage lender Bank of Ireland has cut some of its short-term rates, but also increasing fixed rates for those who want to lock in for five years or more. The bank has cut both the one and two-year fixed rates by 0.10pc to 2.9pc, effective from January 30. This is the first time in […]

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Brexit to cost us 55,000 jobs as May reneges on backstop

More than 50,000 jobs will be lost amid rising food and clothing prices if the UK continues on the path towards a disorderly Brexit. Doomsday predictions on the impact of a no-deal scenario compiled by the Department of Finance suggest the economic impact will be “particularly severe”. The agriculture sector and small businesses who export […]

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Rise in total value of new mortgages drawn down in 2018 – BPFI

The total value of new mortgages drawn down last year rose by nearly a fifth compared to the previous year. However, the data released by the Banking and Payments Federation Ireland (BPFI) also shows that the volume of mortgages approved in December fell sharply compared to November. The BPFI Mortgage Drawdowns Report for the fourth […]

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Economy could be 4.25% smaller in hard Brexit scenario – Department of Finance

The size of the Irish economy could be 4.25% smaller than current projections over the medium term if there is a hard Brexit, according to an assessment by the Department of Finance. The department forecasts show that unemployment could rise by up to 2 percentage points in such a scenario. A small surplus projected for […]

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Can I inherit my parents’ home tax-free?

Query: My husband, daughter and I live with my elderly parents in my parents’ primary residence. We have lived here for 18 months and I do not own any other properties. Can I inherit my parents’ primary residence tax-free in 18 months (that is, after three years of us living here) while my parents are […]

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Cost of international stamp to rise to €1.70

An Post has announced a rise in the price of an international stamp as well as increased prices for some large envelopes and parcels. But the cost of a stamp for sending a letter or card in Ireland is staying at €1, An Post said. An Post said its rates are in line with comparable […]

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Revolut to launch mobile bank app for children to improve their ‘financial literacy’

Revolut’s alternative banking services already appeals to more than 200,000 Irish users – but now the fintech is looking to expand its target market. The London-based fintech’s latest move allows its existing customers to add their children to their account as a secondary user. Through the Revolut Youth app, children can choose their own card […]

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New State lender – aimed at builders and developers – has initial €750m to finance house building

The Government has formally launched a new State lender that will finance house building.   Home Building Finance Ireland (HBFI), will lend up to €35m per scheme and up to 80pc of the development cost of housing schemes. It is aimed at small and medium sized builders/developers. HBFI has an initial €750m of State funds […]

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No-deal Brexit to increase cost of importing cars from UK – Revenue

A no-deal Brexit would significantly impact and change the economics of bringing a car from the UK into Ireland. That is according to the Chairman of the Revenue Commissioners, who is appearing before the Oireachtas Finance Committee. Niall Cody said if the UK leaves the EU those who buy cars in the UK will be […]

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