Electricity demand set to grow by two thirds by 2050
Electricity demand is set to grow by two thirds by 2050, a new report shows. This increased demand will be driven in the short term by the needs of data centres, according to the report by Pinergy and global insight business Wood Mackenzie. In the long term, it states that electricity demand growth will be […]
US confirms 15% tariff for EU includes pharmaceuticals and semiconductors
The White House has confirmed that the 15% tariff agreed between the European Union and the United States includes pharmaceuticals and semiconductors. There had been some confusion over whether or not the products were covered by the trade deal after President Donald Trump said on Sunday that pharma was not included. European Commission President Ursula […]
How the ‘sandwich generation’ are caught up in cost of living crisis
If society were a family, the sandwich generation would be the middle child: steady, responsible and too often overlooked. These are adults who simultaneously care for ageing parents and young children, all while managing household budgets, work commitments and rising living costs. As Ireland’s population grows older and childbirth happens later in life, more families […]
Why does it take so long to get big projects done in Ireland?
Last week, the Government unveiled its ambitious National Development Plan (NDP) Review 2025, committing nearly €100 billion toward transformative infrastructure by 2030. While this represents a watershed moment for Irish development policy, the nation’s track record on infrastructure delivery remains deeply problematic. Complex procurement processes, bureaucratic bottlenecks and protracted planning procedures routinely stall critical projects. […]
Explained: Is the EU-US trade deal good for Ireland?
While there is still a lot to be ironed out in the trade deal between the European Union and the United States, there’s a decent level of detail that has been announced. The deal ends months of uncertainty and avoids a full-blown trade war between the two blocs. What’s included in the deal? It introduces […]
The pros and cons of the local property tax
Analysis: With most house owners facing higher property tax bills, a look at the advantages and disadvantages of the tax introduced in 2013 By Gerard Turley, University of Galway The local property tax (LPT) is in the news again. Councillors in Dublin City Council (DCC) recently voted to raise the rate of tax next year, […]
EU-US deal will stabilise transatlantic trade, says Gill
The tariff deal between the EU and the US will secure, stabilise and grow transatlantic trade and investment relations, the European Commission’s Spokesperson on Trade has said. Olof Gill said both sides are “working very hard” to get the details of the agreement signed. Speaking on RTÉ’s Morning Ireland, he said the 15% tariffs was […]
Orbán says Trump ‘ate’ EU chief ‘for breakfast’ in trade talks
The framework trade agreement which the United States and the European Union signed yesterday is worse than the trade deal that the United Kingdom reached with the US earlier, Hungarian Prime Minister Viktor Orbán has said. The deal imposes a 15% import tariff on most EU goods – half the threatened rate. The US and […]
Flogas to increase variable electricity charges from August
Energy company Flogas is to increase its variable electricity charges by around 7%, with effect from 25 August. Flogas said this marks its first price increase in three years and comes after a 15% reduction in its electricity rates last year. The company said its residential natural gas customers are unaffected by the price hike. […]
Estate agents expect house prices to rise by 5% in next year
Estate agents who are members of the Society of Chartered Surveyors Ireland (SCSI) expect national property prices to increase by an average of 5% over the next 12 months, a dip from the 6% forecast in January. According to the latest SCSI Residential Mid-Year Market Monitor, more than half of agents believe the key factor […]
VAT rate cut for hospitality would cost €867.7m a year, Department of Finance confirms
The Department of Finance has confirmed the cost of reducing the 13.5% VAT rate to 9% for the hospitality sector would be €867.7m in a full year. In documents published today it broke the cost down to €134.9m for accommodation, €674.6m for food and catering, €19.8m for entertainment and €38.4m for hairdressing. The Tax Strategy […]
ECB keeps rates steady as trade conflict clouds economic outlook
The European Central Bank left interest rates unchanged today after cutting eight times in a year, biding its time while Brussels and Washington negotiate over trade. The ECB cut its policy rate to 2% last month, halving it from 4% a year earlier, after taming a surge in prices that followed the end of the […]
Consumer sentiment drops to near two-year low in July
Consumer sentiment fell to a near two-year low in July as concerns about the cost of living and tariffs on European Union exports to the US weighed, a survey showed today. The Credit Union Consumer Sentiment Survey slipped to 59.1 in July from 62.5 in June, nearing April’s two-year low of 58.7. The reading is […]
Firms expect impact from sweeping US regulatory changes
An overwhelming majority of Irish financial services organisations expect the sweeping regulatory changes emanating from the US to have an impact on Irish firms. The area where this is most obvious is tariffs. More than nine in ten organisations expect Irish firms to be hit by US regulatory changes, with more than two thirds concerned […]
More powers for IRB among action plan on insurance costs
Improving pricing transparency and giving the Injuries Resolution Board (IRB) more powers are among the main measures outlined by the Government to bring down insurance costs in the latest action plan on insurance reform. The plan, launched today, runs until 2029 and contains a total of 26 actions to bring down insurance costs, ten of […]
Government considers delaying hospitality VAT reduction
The Government is considering whether it should delay introducing a VAT reduction for the hospitality sector until the middle of next year. It is understood the aim would be to create the fiscal space for more tax cuts in next October’s budget. The Coalition’s programme for government contains a commitment to reduce VAT on the […]
Over 6,500 Irish SMEs helped by National Enterprise Hub in first year
More than 6,500 SMEs have been directly supported by the National Enterprise Hub (NEH) in the first year since its launch. The National Enterprise Hub is an initiative of the Department of Enterprise, Tourism and Employment and Enterprise Ireland and brings together information and resources on over 250 Government supports from 30 different departments and […]
Scope for €1.5 billion in tax cuts for Budget 2026
The Government is allowing scope for €1.5bn of tax cuts in Budget 2026, according to the Summer Economic Statement. The spending package will be €7.9bn, which is a 7.3% increase on 2025. It means the total package of tax cuts and spending increases will be €9.4bn in the budget next year. However, the Summer Economic […]