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€1.2 billion package to deal with Brexit – Donohoe

€1.2 billion package to deal with Brexit – Donohoe The Minister for Finance and Public Expenditure and Reform Paschal Donohoe has today announced an overall package of over €1.2 billion to respond to the threat of a no deal Brexit. Delivering Budget 2020 in the Dáil, Mr Donohoe said some of these funds will be […]

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Fuel prices rise as Dáil passes Budget 2020 carbon tax increase

Fuel prices rise as Dáil passes Budget 2020 carbon tax increase Some key taxation elements of Budget 2020 were passed by the Dáil last night, including the controversial increase in the carbon tax. The number of deputies who voted in favour of the measure was 97, with only 36 opposing the increase and two TDs […]

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Pound falls as doubts grow over chances of last-minute Brexit deal

Pound falls as doubts grow over chances of last-minute Brexit deal Sterling fell in early London trading today as investors grow increasingly concerned that Britain and the European Union were no closer to agreeing a Brexit withdrawal deal. British lawmakers have passed a law requiring Prime Minister Boris Johnson to seek a delay to Brexit […]

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Ireland was a net contributor to the EU budget in 2018

Ireland was a net contributor to the EU budget in 2018 Ireland was a net contributor to the European Union budget to the tune of €315m in 2018, according to the latest report by the EU’s financial watchdog. The sum represents an increase from €173m in 2017 and €181m in 2016. However, officials expect Ireland’s […]

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Donohoe says absolutely no surprises in Budget 2020

Donohoe says absolutely no surprises in Budget 2020 The Minister for Finance has said there will be “absolutely no surprises” in the Budget to be outlined this afternoon. Speaking as he arrived at the Department of Finance this morning, Paschal Donohoe said all of the main features of Budget 2020 are well known. He said […]

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Consumer sentiment falls to 6 year low on Brexit fears

Consumer sentiment falls to 6 year low on Brexit fears Consumer sentiment here fell to a six-year low last month, the third month in a row in which it has fallen. According to the KBC Bank Ireland Consumer Sentiment Index, Brexit uncertainty continues to drive people’s confidence in the economy and their personal finances lower. […]

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Economy on course for over €600m surplus

Economy on course for over €600m surplus The Government’s pre-Budget White Paper shows the economy is on course to deliver a surplus this year of €609 million. The White Paper also shows another significant overrun on corporate tax receipts, which are €800m higher than forecast at the start of the year. The White Paper is […]

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Blanket social welfare increase in Budget ruled out

Blanket social welfare increase in Budget ruled out Discussions are continuing between Government departments throughout the weekend ahead of Tuesday’s Budget. There is a particular focus on the Department of Social Protection, where an across the board increase in social welfare payments has been ruled out. Instead any rise in payments is set to be […]

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Irish butter, cheese and pork among EU goods to be hit by US tariffs

Irish butter, cheese and pork among EU goods to be hit by US tariffs A range of goods from the EU are to be hit with new US tariffs including Irish butter, cheese, liqueurs and pork products. Irish whiskey made in Northern Ireland is on the list of products but Irish whiskey made in the […]

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Sterling jumps to 8 day high

Sterling jumps to 8 day high Sterling jumped to an eight-day high after the head of a group of euro sceptic lawmakers in Prime Minister Boris Johnson’s Conservative Party said the government’s latest Brexit proposals offered the possibility of a “tolerable deal”. A weaker dollar on a weaker-than-expected US non-manufacturing purchasing managers’ index inflated the […]

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