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Measures to tackle cost of living to be announced

The Government is set to announce measures to address the impact of the rising cost of living on households. The Taoiseach told a meeting of his party last night that these supports will alleviate pressures on working people and those on low incomes. Today’s announcement will detail supports in excess of €400 million. However, this […]

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Irish mortgage rates highest in euro zone again

Ireland once again has the highest mortgage interest rates in the euro zone, new figures from the Central Bank show. The average interest rate on new Irish mortgage agreements stood at 2.69% in December, compared to euro area average of 1.29%. Ireland is followed by Greece at 2.55% and Latvia at 2.26%. Finland has the […]

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Donohoe: Impact of EWSS cuts to become clearer in March

The Minister for Finance has said the Government will have a better idea next month what impact the reduction of the employment wage supports is having on vulnerable firms. Paschal Donohoe said it is difficult to form a view as to the number of employers who may see their viability effected as we move through […]

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Rents up over 10% in final quarter of last year, Daft report reveals

Rents nationally rose at an annual rate of just over 10% in the last three months of last year, according to listed rent prices compiled by the property website Daft.ie. On a quarterly basis, rents rose in the Dublin area by just over 4% compared to just 0.5% in Munster. This is a reversal of […]

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Sick pay plan approved by Oireachtas committee

A Government plan to give all workers the right to paid sick leave has been approved by the Oireachtas Committee on Enterprise, Trade and Employment. The committee is recommending that all employees be entitled to the right of statutory sick pay to ensure workers on all forms of employment contracts receive the same protections. The […]

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Personal loans for home improvements jump 25% in 2021

Over 43,000 personal loans for home improvements were drawn down last year, up almost 25% on the previous year. New figures from Banking and Payments Federation Ireland reveal that these loans were worth €462 million. The average home improvement loan was €9,748 in the final quarter of 2021, down from €10,899 on the fourth quarter […]

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4,500 companies saved from going bust during pandemic

Government pandemic supports saved at least 4,500 Irish companies from going bust – an average of 50 companies every week, according to analysis by PwC which feature in a report ‘Act Now: From recovery to growth’. The author of the report said that while the businesses avoided insolvency, they will need further support to repair […]

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Grocery price inflation hits highest level since October 2020

New data show that household budgets are coming under pressure as grocery price inflation reached its highest level since October 2020 at 1.7% in the 12 weeks to January 23. The data from Kantar show that the number of products being sold on promotion has dropped by 3% compared with last January. Kantar also said […]

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ECB’s Lagarde downplays inflation concerns

European Central Bank President Christine Lagarde appeared to downplay inflation concerns today, arguing that price pressures could still subside before becoming entrenched and high energy costs would be a drag on prices further out. Pointing to mounting inflation risks, the ECB opened the door last week to an interest rate hike later in 2022 and […]

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Road traffic numbers hit pre-pandemic levels, but fewer use public transport

The number of cars on Irish roads has hit pre-pandemic levels, but there are fewer people travelling on public transport. This comes as ESRI behavioural research shows that while public levels of worry over contracting Covid-19 are decreasing, people consider public transport as a “high risk” activity when it comes to catching the virus. Data […]

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