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ECB will probably cut rates in October on risk of too low inflation – Villeroy

The European Central Bank will probably cut interest rates on October 17 as economic growth is weak and this raises the risk that inflation will undershoot its 2% target, French Central Bank Chief Francois Villeroy de Galhau told an Italian newspaper. The ECB cut rates from record highs twice already this year and markets now […]

Asking prices for homes nationally up 7.5% over the year

Asking prices for homes have risen 7.5% over the last year, new data from listings website MyHome.ie shows. That is the highest rate of increase in two years, the latest house price report shows. It means the median price sought for a home nationally in the third quarter stood at €365,000. That represents an increase […]

Western Region ‘continues to lag other regions’, says development commission

A landmark report commissioned by the Western Development Commission (WCD) has found critical challenges facing the western and north western region in the areas of infrastructure, housing and income. The report found that average disposable income in the region is over €3,000 below the national average. New house completions in the western region fell from […]

Half of new homes should be built in Dublin, Chamber President to say

The President of Dublin Chamber will call for half of all new homes built every year to be constructed in the Greater Dublin Area at the organisation’s annual dinner tonight. Siobhan O’Shea, who is director of scaled business success at recruitment company Indeed, will also emphasise the urgent need to tackle infrastructural challenges that are […]

Tax take to end of September up 11% on same period last year

Tax take between January and the end of September was up 11% on the same time last year, driven by corporation tax, income tax, VAT and excise duty. The latest Exchequer Returns show that €68.2 billion in tax was collected in the first nine months of the year. €17.8 billion came from corporation tax, up […]

Western Region ‘continues to lag other regions’, says development commission

A landmark report commissioned by the Western Development Commission (WCD) has found critical challenges facing the western and north western region in the areas of infrastructure, housing and income. The report found that average disposable income in the region is over €3,000 below the national average. New house completions in the western region fell from […]

Unemployment rate of 4.3% for September – CSO

New figures from the Central Statistics Office show that the unemployment rate stood at 4.3% in September, down from a revised rate of 4.5% the same month last year. The CSO also said today that the unemployment rate for August was revised to 4.4% from 4.3%. Today’s figures show that the monthly unemployment rate in […]

Service sector activity rises at strongest rate in 6 months

Activity in the service sector increased at the strongest rate in six months in September as cost pressures eased, new data shows. The latest AIB Global S&P Purchasing Managers’ Index (PMI) shows that growth of both new business and employment moderated. But outstanding work increased, and the 12 month outlook rebounded since August. The index […]

Inheritance tax free thresholds to increase

The amount that can a person can receive as a gift or inheritance from a relation before having to pay Capital Acquisitions Tax will be increased as part of Budget 2025. The Group A threshold for CAT, which includes gifts or inheritance from parents to their children, will rise from €335,000 to €400,000. The Group […]

Dáil votes through some elements of Budget 2025

The Dáil has voted through elements of Budget 2025. These include excise on tobacco products and changes to value added tax, capital acquisitions tax and stamp duty. Each came into force at midnight. Taoiseach Simon Harris said Budget 2025 was the last of this Government’s mandate and he was looking forward to going to the […]

The latest from the 2025 Budget Announcement

For the latest information from the 2025 Budget Announcement, please visit RTE: https://www.rte.ie/news/2024/1001/1472893-budget-2025-politics/

Budget set to contain ‘Universal Companion Pass’

The Cabinet will meet at Government Buildings this morning to approve Budget 2025, which was finalised by the coalition leaders last night. Minister for Finance Jack Chambers and Minister for Public Expenditure and Reform Paschal Donohoe will announce the details in the Dáil at lunchtime. It is expected parents will be significant beneficaries of the […]

Budget 2025: Here’s what we know so far

The Budget for 2025 will be announced this afternoon. Coalition leaders met yesterday evening to finalise the details. Here’s what we know will be included so far. The point at which people pay the higher rate of tax of 40% is expected to increase from €42,000 to €44,000. This will be largely to take account […]

Auto-enrolment pension scheme to begin in September 2025

The Government’s new auto-enrolment pension scheme will begin on 30 September 2025. The new start date was agreed by the Cabinet this week, and revealed by the Minister for Social Protection Heather Humphreys speaking on RTÉ’s This Week programme. The scheme will mean that 800,000 workers will be automatically added into a private pension scheme, […]

Asking prices for homes rose 3.1% in third quarter

Asking prices for homes across the country rose 3.1% between July and September, according to listings website Daft.ie. It brought the typical listed price for a property here to €344,848. That is an increase of 6.2% compared to the same period last year and more than a third more than at the beginning of the […]

Free schoolbook scheme set to be extended to senior cycle

The extension of the free schoolbook scheme to the senior cycle is among the measures set to be announced in tomorrow’s Budget, following Government discussions last night. Funding is also set to be provided for 1,500 more special needs assistants in schools. Free public transport will be introduced for the under-9s, in a move long […]

Auto-enrolment pension scheme to begin in September 2025

The Government’s new auto-enrolment pension scheme will begin on 30 September 2025. The new start date was agreed by the Cabinet this week, and revealed by the Minister for Social Protection Heather Humphreys speaking on RTÉ’s This Week programme. The scheme will mean that 800,000 workers will be automatically added into a private pension scheme, […]

Consumer sentiment unchanged in September

Consumer sentiment remained broadly unchanged in September when compared to the previous month. The Credit Union Consumer Sentiment Index found that while recent months saw an obvious improvement from the low levels of the previous two years, the upward momentum has stalled. “Irish consumers feel things are not getting notably worse, but there is little […]