Despite warnings of overheating, the Coalition signals bigger budget package and again parks spending rule Strategy strikes balance between investing in public services and safeguarding finances, says Minister for FinanceWed Jul 05 2023 - 05:00
Surging revenues to fund giveaway budget with public spending boost and modest tax cuts, Government says The two ministers declined to say if this year’s ‘one-off’ measures – which do not entail permanent increases in public spending budgets – would match or exceed last year’s level of €4 billionTue Jul 04 2023 - 20:23
Surging tax revenues provide Government with war chest ahead of budgetGovernment Summer Economic Statement signals budgetary package of €6.4 billion for October’s budgetTue Jul 04 2023 - 16:30
Republic accounts for more than half of NI exports, according to ESRI data ESRI research examines all-island trade in wake of BrexitTue Jul 04 2023 - 05:00
Sherry FitzGerald flags thousands of properties lost to rental marketEstate agent estimates loss of up to 6,000 tenancies in the first six months of 2023Tue Jul 04 2023 - 05:00
Irish manufacturing activity slumps in face of weaker global demandLatest AIB purchasing managers’ index points to sustained falls in output and new ordersMon Jul 03 2023 - 04:00
Labour shortages and capacity constraints to restrict growth in 2024, warn Davy Stockbroker also revises growth outlook for economy on back of volatile export dataMon Jul 03 2023 - 04:00
Should we be preparing for Russia’s collapse and the global economic fallout that would follow?Prigozhin’s short-lived mutiny was the first clear sign of the potential chaos rippling under the surface as a result of the country’s botched military campaign in UkraineSun Jul 02 2023 - 13:11
Gabriel Makhlouf: ‘Ireland doesn’t show signs of an economy going into recession’Central Bank boss Gabriel Makhlouf says discounted rate of VAT on tourism has passed its sell-by data as he argues the best way to broaden tax base is to get rid of reliefsFri Jun 30 2023 - 12:30
Stubborn core inflation in Republic and euro zone a worrying sign for ECB Latest flash estimate indicates inflation in Ireland fell to 4.8% in June, down from 5.4% in MayFri Jun 30 2023 - 10:52
KPMG advocates suite of tax reforms to address State’s housing challengeBig Four accounting firm says a reduction in VAT on new homes could boost viability and reduce end-prices for buyersFri Jun 30 2023 - 04:00
Growth forecast for Irish economy slashed in face of pharma slowdownHousing completions this year will not reach last year’s 30,000 units but supply should increase in 2024, think tank warnsThu Jun 29 2023 - 05:00
‘No rationale’ for tax cuts in budget, ESRI warns Government Think tank cuts growth projection for Irish economy to just 0.1%, down from 5.5% previously, while highlighting overheating risk of giveaway budgetThu Jun 29 2023 - 00:00
Healthcare stocks weigh on European marketsShares of major European defence firms Leonardo, Saab and Rheinmetall each dropped more than 4 per centMon Jun 26 2023 - 19:37
Ireland’s high-price culture: who is to blame?Eurostat’s annual price survey pinpoints Ireland as the most expensive state in the EUSun Jun 25 2023 - 11:59
Giveaway budget package could overheat economy, Central Bank governor warnsGabriel Makhlouf says ‘binding capacity constraints’ in the economy and labour market adding to domestic inflationary pressuresFri Jun 23 2023 - 11:07
Economy’s challenge is coping with the fallout of successTop 1000: Ongoing inflationary pressures and rising interest rates leave families struggling for feelgood factor as exchequer becomes ever more reliant on multinationalsFri Jun 23 2023 - 11:00
Rathmines ‘affordable’ housing scheme seeks €4,000 a month for apartmentNine-unit project in Rathmines was delivered ‘to address the shortage of affordable housing’ in the area, according to church’s websiteThu Jun 22 2023 - 00:00
Fall-off of €5bn in pharma exports see State’s trade decline for first time in decadeCSO numbers highlight year-on-year fall-off in exports on back of volatile pharma tradeWed Jun 21 2023 - 12:45
Up to 40% of Irish-based employers plan to hire staff in coming quarterManpowerGroup survey also finds 81 per cent of businesses here are reporting difficulties finding staffWed Jun 21 2023 - 10:46
Central Bank warns Government budget spending spree will stoke inflationIrish economy operating at capacity with unemployment at multi-decade low of less than 4%, regulator saysWed Jun 21 2023 - 04:00
Solo first-time buyers of new homes in Ireland have average income of €67,000Increased housing supply moderating house price inflation, report by Banking and Payments Federation Ireland report also suggestsTue Jun 20 2023 - 04:00
European shares slide, Germany’s Dax retreats from record highTrading thin on Monday with US markets shut for a public holidayMon Jun 19 2023 - 21:15
Government failed to spend 25% of social and affordable housing budget in 2022New figures highlight substantial underspend in housing at time of acute shortagesMon Jun 19 2023 - 05:05
Irish Government might be world’s only administration trying to hide its financial position because it is too goodA big worry is how long more the golden goose of the Irish economy - corporation tax - will keep laying diamond-encrusted Fabergé eggsSun Jun 18 2023 - 13:38
Corporate tax receipts likely to be €2bn above forecast on back of increased iPhone sales Rise in receipts to record €26bn linked to jump in contract manufacturing by several Irish-based firmsSun Jun 18 2023 - 07:18
More ECB interest rate rises on the way as inflation battle still in playFrankfurt says fight against inflation is far from over with Christine Lagarde almost guaranteeing another 0.25% rate jump next monthThu Jun 15 2023 - 19:49
ECB tightens squeeze on mortgage holders with further 0.25% rate hikeFrankfurt’s latest increase is being viewed by markets as the penultimate increase in the current sequenceThu Jun 15 2023 - 13:15
‘Cliff edges’ in tax and benefit system may be disincentivising work, ESRI study indicatesResearch says there are sharp cut offs and drops in disposable income above certain points when it comes to PRSI and USCThu Jun 15 2023 - 05:30
Oxfam Ireland says taxing Ireland’s super-rich could net exchequer €8bn a yearChief executive tells Oireachtas committee that levels of inequality between world’s richest and poorest people mirrored those in 19th century AmericaWed Jun 14 2023 - 18:39
House price growth slows to 3.6%, lowest rise in two yearsHigher interest rates and wider cost-of-living pressures are squeezing buyersWed Jun 14 2023 - 11:10
More pain ahead for borrowers as ECB eyes next rate hikeECB expected to lift interest rates by a further 0.25 percentage point on ThursdayWed Jun 14 2023 - 05:00
Lack of infrastructure could hit new housing, construction industry warnsBuilders lobby say a lot of land zoned for housing is difficult and expensive to serviceTue Jun 13 2023 - 16:06
Ireland faces a brewing arrears problem centred on property funds - and usual response isn’t going to fix itRegulator is caught between protecting consumers and maintaining financial stabilitySun Jun 11 2023 - 14:20
Up to 73% of social housing coming from private sectorGovernment funds delivery of 7,433 social homes in 2022Thu Jun 08 2023 - 19:33
Inflation rate falls for third month in a row but restaurant and hotel prices show significant risesThe most significant monthly price increases were recorded in restaurants and hotels and in alcohol and tobaccoThu Jun 08 2023 - 11:59
Shares flirt with 13-month high in listless tradePan-European benchmark Stoxx 600 index dips 0.19 per cent as investors pause ahead of ECB and Fed meetingsWed Jun 07 2023 - 18:35
Mortgage holders likely to face two more rate hikes, Central Bank governor says Gabriel Makhlouf’s comments reflect concerns that while headline inflation is falling, underlying price growth remains strongWed Jun 07 2023 - 12:33
OECD warns Ireland about ‘partly transient’ corporate tax receipts Paris-based agency says global economy is turning a corner but faces a long road ahead to attain strong and sustainable growthWed Jun 07 2023 - 08:00
Political pressure for tax cuts now ‘poses risk to public finances’Budgetary watchdog cautions Coalition on expenditure, noting move could stoke price and wage pressure in economyWed Jun 07 2023 - 00:00
Rapid hike in interest rates leaves global economy in ‘precarious position’, World Bank warnsWashington-based lender says restrictive global credit conditions have triggered sharp slowdown in growth while intensifying risk of financial stressTue Jun 06 2023 - 15:43
Proposals to ease auditing burden on SMEs welcomedImpediment of having to be audited for two years sees firms having to pay significant fees, says Association of Chartered Certified AccountantsMon Jun 05 2023 - 06:00
Ireland’s winning economic model comes with a risk that’s never really been testedBack-to-back quarters of negative growth recorded as economy hits full employmentSun Jun 04 2023 - 13:23
Majority want USC to be scrapped in October’s budgetSeen and heard: Push against USC, Ryanair’s call for third terminal and Singapore fund buying up rentalsSun Jun 04 2023 - 10:26
Ireland’s confusing economic metrics muddy the pictureBuoyant labour market sits alongside back-to-back quarters of negative growthFri Jun 02 2023 - 17:24
Strong exchequer numbers likely to increase clamour for tax cutsLatest figures from Department of Finance show Government collected €33.1 billion in taxes over the first five months of the yearFri Jun 02 2023 - 16:34
Irish economy falls into technical recession as GDP contracts for second consecutive quarterLatest CSO figures, however, shows personal spending on goods and services, a key measure of domestic economic activity, roseFri Jun 02 2023 - 11:36
Housing demand nationally up by 17%, says property website Daft Firm estimates demand for new homes, specifically, rose up by more than 100% in 12 months to May this yearFri Jun 02 2023 - 05:00
Rate of young people living with their parents jumps as housing costs soarReport highlights impact of unaffordable housing on young people and precarious situation of private market rentersThu Jun 01 2023 - 00:37
Just three firms account for a third of corporation tax receipts, report findsIrish Fiscal Advisory Council report suggests business tax base even more concentrated around small number of firms than previously thoughtThu Jun 01 2023 - 00:01
