Ireland has one of the biggest gaps in home ownership between younger and older people in western Europe, a new study has found. The research by the Economic and Social Research Institute found that nearly 80% of people over the age of 40 in Ireland own their own home, but that just a third of […]
The European Central Bank will raise interest rates by 25 basis points on July 27, according to all economists in a Reuters poll, a slight majority of whom were now also expecting another hike in September. Inflation in the euro zone has almost halved, down to 5.5% in June from a peak of 10.6% last […]
The June sunshine boosted spending in pubs by 28% compared to the previous month, new figures from AIB show. Spending in hotels jumped by 12%, while restaurant spend increased by 7%. The data shows that spending in pubs and restaurants peaked on 24 June, the day of Dublin Pride. “This information is vital for businesses, […]
A €1 increase in the personal rates of all weekly paid social welfare schemes in October’s budget would cost €69.4 million, according to new estimates. If an additional €1 was also to be paid to dependent adults and children, it would cost €89.4 million. While a €1 increase in the personal rates of all weekly […]
The Tax Strategy Group paper on income tax has examined the issue of refundable tax credits. This is when those on low incomes do not earn enough to use up all of their available tax credits. A change would allow these taxpayers to receive the value of the unused credits. The Tax Strategy Group is […]
Hairdressers and restaurant owners have warned that if the reduced 9% VAT rate increases back to 13.5% again as planned at the end of August, it will put some out of businesses. In February the Government extended the 9% VAT rate further until September 1 as part of measures to assist those in the tourism, […]
New figures from the Central Statistics Office show that Irish unadjusted exports of goods decreased by €1.2 billion to €16.7 billion in May compared to the same time last year. When seasonally adjusted, exports of goods fell by more than €400m in May from the previous month. Exports of medical and pharmaceutical products decreased by […]
Inflation in Ireland, as measured by the Harmonised Index of Consumer Prices, is estimated to have moderated to an annual rate of 4.8% in June from 5.4% in May, new figures from the Central Statistics Office show. Today’s CSO flash inflation figures show that energy prices are estimated to have increased by 0.9% in the […]
The annual rate of house price inflation continued to ease during the first half of the year, the latest residential market review from property advisors DNG shows, while first time buyers continue to dominate the market. The annual rate of growth in prices at a national level (excluding Dublin) slowed to 3.4% for the year […]
The Economic and Social Research Institute (ESRI) has downgraded substantially its outlook for growth in Gross Domestic Product terms for the Irish economy, but it says the underlying position of the economy is still very strong. The ESRI says the domestic economy – as measured by Modified Domestic Demand (MDD) – is expected to experience […]
