Minister for Finance Michael McGrath has said he is planning to bring a proposal to Cabinet on how Ireland should deal with the large corporation tax windfall surpluses forecast to flow into the State. Speaking on RTÉ’s Prime Time last night, he said there was a surplus last year of around €8 billion, and the […]
The increase in median mortgage values was slower between 2020 and 2022 than the rise recorded in property prices over the same period, new data shows. According to the figures compiled by the Banking and Payments Federation Ireland (BPFI), while the median value of properties purchased by first time buyers rose by €35,000 over the […]
The Financial Services Union (FSU) will today urge TDs and senators to consider new regulations and legislation to cover the technological surveillance of staff by their employers. In an address to the Oireachtas Committee on Enterprise, Trade and Employment, the FSU will highlight the findings of a recent survey of its members which showed that […]
Prices paid for raw materials by manufacturers fell in April for the first time since November 2021, new Central Statistics Office figures show today. The Wholesale Price Index fell by 1% compared to March and by 0.7% compared to April 2022. Producer prices for exported goods fell by 1% in the month and are down […]
A new survey of global consumer sentiment shows people everywhere adjusting to higher living costs by taking action regarding their spending behaviour. The 12th EY Future Consumer Index is based on the views of 21,000 people across 27 countries and finds consumers are taking action to reduce spending in their lives. 94% of respondents globally […]
New data from DoneDeal shows the average price of a brand new electric vehicle (EV) now stands at €64,755, 13% higher than the same time last year. Despite these price hikes, demand for new EVs has jumped 35% this year. The report states that the decision by the Government to reduce the EV grant from […]
The European Central Bank is investigating introducing a digital currency, to keep pace with a rapidly evolving digital economy. It would be a major change in the way that the central bank issues money, but the ECB says it is considering the move in response to the increasing demand for safe and trusted electronic payments. […]
Ireland’s credit rating has been upgraded by the ratings agency, Standard & Poor’s. Improved ratings by agencies such as S&P help Ireland borrow more easily and at lower rates on international debt markets. Last month, Ireland’s rating was also upgraded by another agency, Moody’s. This is the first upgrade from S&P since 2019 and brings […]
Almost a quarter of Irish workers are fully remote, according to new research from Leitrim County Council. The study shows that 61% of millennials (25-35-year-olds) are considering a move to another part of Ireland. Over half of remote workers reported a very positive impact on their work-life balance and 85% of respondents said remote work […]
Almost half of drivers would support the introduction of some sort of long-term motor insurance, a new survey has found. More than one in every four respondents said they would be interested in hearing more about the concept of car insurance that lasts for at least three years or more. A quarter of those who […]
