Planned changes to rules around minimum corporation tax among measures contained in the Finance Bill
The Finance Bill, which puts the tax changes announced in last week’s Budget into legislation, has been published by the Minister for Finance, Michael McGrath. It runs to 270 pages and also includes changes to corporation tax rules to implement the so-called Pillar Two of the OECD tax reforms. Pillar Two refers to one part […]
Average home rebuilding cost rose 12% over last year
The average cost of rebuilding a house rose by 12% over the last year, new research has found. That i’s less than the 21% rate of increase in the previous 12 months, the report by the Society of Chartered Surveyors in Ireland found. The rate of increase was broadly steady across the various regions of […]
55% of office workers spend two to three days a week ‘on-site’
New research has found that 55% of office workers in companies in Dublin now spend two to three days on site each week. That marks a 7 percentage point increase since Dublin Chamber and Savills last measured the trend during the last three months of last year. The study found the increase has been driven […]
National Women’s Enterprise Day takes place today
Events marking the 17th National Women’s Enterprise Day are taking place around the country today. The Local Enterprise Office-led initiative aims to celebrate female entrepreneurs and female-led start-ups, while also encouraging others to pursue their own business ideas. It comes on the back of a sustained focus on encouraging female entrepreneurs by LEOs, as well […]
Values-led approach to food security required – DCU report
A report on Global Food Security will be presented to the UAE ambassador to Ireland by DCU’s Centre for Religion, Human Values and International Relations ahead of COP 28. The United Nations annual climate change conference, also known as the ‘Conference of the Parties’ or ‘COP’, brings together world leaders, ministers and negotiators to agree […]
ECB starts ‘preparation’ for digital euro
The European Central Bank took a further step today towards launching a digital version of the euro that would let people in the 20 countries that share the single currency make electronic payments free of charge and securely. “The next phase of the digital euro project – the preparation phase – will start on 1 […]
Job vacancies for professionals fell 2% in last quarter
The number of professional job vacancies dropped by 2% between July and September, when compared to the previous three months. August was the strongest month of the period, with September recording a 16.7% decline in job opportunities as firms re-evaluated hiring needs, seasonal variations and continued economic uncertainties, according to the Morgan McKinley Quarterly Employment […]
Circular Thinking: The economy-wide move to cut waste
At the moment our economy – and really the global economy – is largely linear. That means that we tend to have a straight line from raw materials being pulled out of the ground, made into a product, bought and used by consumers, and then ultimately dumped. Then the cycle starts again with some new […]
Report finds Ireland’s pension system ranking has improved slightly
Ireland’s pension system has improved slightly in the past year when compared with global peers, a new index has found. The Mercer CFA Institute Global Pension Index ranked Ireland’s retirement income system in 13th place, up one spot from a year earlier. It follows a modest increase in its index score, from 70 last year […]
Report finds Ireland’s pension system ranking has improved slightly
Ireland’s pension system has improved slightly in the past year when compared with global peers, a new index has found. The Mercer CFA Institute Global Pension Index ranked Ireland’s retirement income system in 13th place, up one spot from a year earlier. It follows a modest increase in its index score, from 70 last year […]
Grocery price inflation falls to 5 month low – Kantar
Grocery price inflation in the Irish market has fallen to a five month low, but prices are still going up steeply. That is according to the latest figures from data consultancy Kantar, which says grocery inflation here was 10.5% in the 12 weeks up to October 1. That rate is down on the previous period […]
Exports down 17% in August on lower sales of chemicals – CSO
Exports from Ireland dropped by 17% in August, driven by falls in sales of chemicals and related products, as well as electrical machinery, new figures from the Central Statistics Office show. In total €16 billion of goods left the country during the month, down €3.3 billion on August of last year. The biggest decline was […]
2,600 buyers approved for First Home Scheme
The latest progress report on the First Home Scheme shows that 2,598 buyers have been approved and 699 homes already bought using the scheme since it was launched in July 2022. The First Home Scheme was a €400m fund set up to help first-time buyers to bridge the gap between their mortgage, deposit and the […]
Clear-out urged as study finds Ireland generates millions of kilos of e-waste
Irish households are being urged to begin a collective clear-out of small electronic waste this weekend, after a United Nations study showed Irish consumers generated 11 million kilos of electronic waste last year. This is equivalent to 25 million items containing precious and valuable metals. Waste Electrical and Electronic Equipment Ireland says this equates to […]
Ireland’s economic growth will slow by 2050 – report
A new report has suggested that Ireland’s economic growth will slow over the medium to long-term due to a range of factors, including the ageing of the population. The research, produced by the Department of Finance and the International Monetary Fund, predicts that the pace of growth of Modified Gross National Income or GNI*, which […]
Budget benefited lower income groups proportionately more – ESRI
The Economic and Social Research Institute has said Tuesday’s Budget was “progressive”, meaning lower income groups will benefit proportionately more than higher income groups. However, the ESRI says the reduction in the At Risk Of Poverty (AROP) rate amongst most groups will only be achieved through the once-off measures contained in the Budget. It points […]
Online payments continue to grow, cheque payments drop further
Online and mobile banking payments are continuing to grow in the country while usage of cheques has dropped to the lowest level since 2008. That is according to latest figures from the payments monitor of Banking & Payments Federation Ireland. It finds online and mobile banking payments have jumped 60% since 2018, while the use […]
Annual inflation rate up slightly to 6.4% in September – CSO
The annual rate of inflation rose again in September to 6.4% compared to an annual rate of 6.3% in August, new figures from the Central Statistics Office show today. The main drivers of inflation last month were increases in mortgage interest payments, clothing and footwear and home heating oil. Mortgage interest payments rose by 6.3% […]