Year-on-year wage growth in Ireland was 4.3% in June, up slightly from the 4% to 4.1% range recorded since the start of this year, according to new research. The data is contained in the latest report in a wage growth series from jobs website Indeed.ie and the Central Bank of Ireland. It shows that despite […]
Planned new laws aimed at ensuring enhanced benefits for those with a strong work history who become unemployed have passed through the Oireachtas. Under the new rules, the weekly rate of payment for people who have at least five years paid PRSI contributions will be set at 60% of previous earnings, subject to a maximum […]
The Government is to make €8.3 billion in additional funding available for use in Budget 2025, its last before the next general election. €1.4bn of that money is to be spent on funding tax cuts and €6.9bn is to be used for increased expenditure. It means that total spending will rise by 6.9% in 2025, […]
The Government will outline the size of the financial package for October’s budget later today, when it publishes the Summer Economic Statement. The document sets out the Government’s medium-term budgetary strategy and the fiscal parameters around which Budget 2025 discussions between ministers will take place. It will give details of the size of any overall […]
The UK’s finance minister has announced that she will re-introduce mandatory housing targets. In her first speech as Chancellor of the Exchequer, Rachel Reeves said that the new government will build 1.5 million homes over the next five years. Ms Reeves also announced plans to boost economic growth, adding that it was a national mission. […]
The Government says a new EU law aimed at tackling greenwashing will strengthen the rules around the social and environmental information which companies have to report. The Corporate Sustainability Reporting Directive has been signed into law by Minister for Enterprise Peter Burke. Under the law, companies will have to report in more detail about the […]
Investor morale in the euro zone broke an eight-month streak of improvements with a bigger-than-expected decline in July, a survey showed today, describing the results as a “bitter setback”. Sentix’s index for the euro zone fell to -7.3 points for July from 0.3 in June, putting the barometer firmly back in the red. Analysts polled […]
Total construction activity fell for the second month in a row in June, new data shows. BNP Paribas Real Estate Total Construction PMI index fell to 47.5, from 49.8 in May. The report suggests that a fall in commercial activity was a key factor behind the latest reduction in total activity. “Commercial activity surged through […]
Asking prices for homes across the country rose at the fastest rate in almost two years in the 12 months to the end of June, new data shows. According to the MyHome.ie Property Price Report, advertised prices nationally were up 7.3% with the median asking price reaching €365,000. The last time the annual inflation rate […]
Some European Central Bank policymakers felt uneasy about recent inflation developments when they cut interest rates last month and feared that any further delay in reaching the target would be costly, the accounts of their June 5-6 meeting showed today. The ECB cut interest rates at that meeting and signalled that more easing is likely […]
