The News

Corporation tax take in August down over €1bn on last year

The amount of corporation tax collected in August was over a billion euro less than the amount taken in the same month last year. In a statement, the Department of Finance said ‘a sharp decline’ had been expected but the 36% drop was ‘somewhat higher than anticipated.’ In August last year, the public finances received […]

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Study reveals stress and financial woes facing workers

Many employees are increasingly feeling cash-strapped as inflation continues to impact their ability to spend, according to a survey of Irish workers by PwC. The proportion of the Irish respondents who said that they are able to pay all the bills and have money left over for savings, holidays etc at the end of the […]

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Activity in Ireland’s service sector continues to grow

The latest Purchasing Managers Index from AIB marks two and a half years of successive monthly improvement in business activity, new business and employment. The report states that demand in the sector continued to bolster these increases. The index dropped slightly to 55, down from 56.7 in July and 56.8 in June. Readings above 50 […]

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Economy sees growth of 0.5% in second quarter – CSO

The economy continued to grow in the second three months of the year, according to the latest figures from the Central Statistics Office. Measured by GDP, which includes the activities of multinationals, the economy grew by 0.5% compared to the first quarter of the year. Modified Domestic Demand, which excludes some of the activities of […]

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Deposit rates finally rise but ‘the devil is in the detail’

When the banks published their half year results in the early part of last month, it was clear that pressure was going to mount on them to improve the returns that they have been offering depositors. All of the main lenders reported bumper profits for the half year with interest income and interest margins looking […]

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‘Concerning gaps’ in pension coverage – CCPC

The Competition and Consumer Protection Commission (CCPC) has said that research it has carried out into pensions has revealed some concerning gaps in retirement planning. The survey of 757 people showed that one-in-ten 45-64 year olds do not have a pension. Pension ownership among the 45-54 age group stands at 76%, a sharp decline since […]

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