Business News

Some insurance products ‘may no longer be available to Irish consumers in no-deal Brexit’ – Central Bank

18th January 2019

Some insurance products may no longer be available to Irish consumers if there is a no-deal Brexit, the Central Bank has warned. Deputy Governor Ed Sibley said this morning that the supply of “niche” products may reduce or end altogether. That’s because policies underwritten from the UK or Gibraltar will face more regulatory friction after […]

Read More

Employers shy away from people who have had short-term jobs

18th January 2019

Two thirds of employers have opted not to interview someone who has had short-term jobs in the past. This is according to research from global job site Indeed. In seeking to define “job hopping”, on average employers consider six months to be a short-tenure to spend in a job, and employees consider 11 months a […]

Read More

Capital projects affected by rising costs and labour shortages

17th January 2019

Minister for Finance Paschal Donohoe has signalled possible changes to the start dates of major capital projects because of rising costs and labour shortages. At the Budget Oversight Committee, he said a much faster than expected rise in the number of large scale capital projects by the private sector was causing, leading to competition for […]

Read More

Pound steady after May’s Brexit deal voted down

17th January 2019

The pound steadied early this morning but remained on the backfoot following a volatile overnight session after British politicians defeated Prime Minister Theresa May’s Brexit divorce deal by a crushing margin. The British parliament yesterday voted 432-202 against May’s deal, the worst parliamentary defeat for a government in recent British history. Investors’ short-term focus is […]

Read More

Taiwan objects to Britain’s trade plans post-Brexit

17th January 2019

Taiwan objects to Britain’s proposed rules for managing its trade in services after it leaves the European Union and has requested negotiations at the World Trade Organization, according to a document seen by Reuters today. The EU has spoken for Britain on trade matters ever since the WTO was founded in 1995. As part of […]

Read More

VAT Returns for Charities

16th January 2019

Budget 2018 introduced a VAT Compensation Refund Scheme to compensate charities for the VAT they incur on their inputs in recognition of the work undertaken by the charities sector. The scheme is designed to compensate charities for a proportion of the VAT they pay on goods or services bought using non-statutory or non-public funds. Under…

Read More

Higher costs for air fares and restaurant prices sees inflation rate rise

16th January 2019

Higher costs for air fares and rising restaurant prices saw the inflation rate move up slightly. The annual inflation rate crept up to 0.7pc in December compared with the same month in the previous year. The annual rise was 0.6pc in November. The slight rise in the inflation rate was despite falls in petrol and […]

Read More

Petrol prices plunge but the taxman takes 64pc

16th January 2019

Car fuel prices have dropped to their lowest level in almost 18 months, according to an AA Ireland survey. The drop is due to a global fall in the cost of crude oil as a result of greater supply. AA said the fall was no thanks to the State which takes 64pc of the cost […]

Read More

Charlie Weston: ‘Escape the banking ‘confusopoly’ and get yourself a better mortgage rate this year’

16th January 2019

Central Bank changes that came into effect on mortgages at the start of the year represent a missed opportunity to tackle some of the worst excesses of our dysfunctional home-loans market. Now lenders will have to tell customers if they can make savings on their mortgages. Lenders will also have to let variable-rate mortgage customers […]

Read More

Lower property tax for homes of rich: minister

15th January 2019

A Government Minister wants lower property tax rates for those in affluent areas. The Local Property Tax (LPT) was based on valuations of house prices after the economic slump. Those valuations expire later this year and the property market recovery could leave families facing €500 tax hikes. Culture Minister Josepha Madigan, a rising star within […]

Read More