Business News

Brexit

6th September 2019

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Need for focus on reducing deficit post-pandemic – Donohoe

5th March 2021

The Minister for Finance has warned that it is dangerous for a small economy that cannot print its own currency to think that “deficits don’t matter” when evaluating policy options in the future. Addressing an Economic and Social Research Institute (ESRI) event, Paschal Donohoe said, in order to keeping the interest bill on the national […]

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Martin says need to move away from supports once Covid under control

5th March 2021

The Taoiseach has said that as the Covid-19 pandemic is brought under control there will be a need to move away from the extensive and wide-ranging emergency supports put in place by the Government to help businesses and workers.  However, Micheál Martin said the changes would be phased, in line with the public health advice, […]

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EU Parliament declines to set EU-UK trade deal vote

5th March 2021

The European Parliament has postponed a decision on ratifying the EU-UK free trade agreement in protest at the UK’s unilateral move on how the Northern Ireland Protocol should be implemented. The Trade and Cooperation Agreement (TCA) was concluded by the EU and UK on 24 December, but it has only been applied provisionally because of […]

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Covid-19 unemployment rate dips to 24.8% in February

4th March 2021

New figures from the Central Statistics Office show that the unemployment rate, including those receiving temporary Covid-19 jobless benefit, fell slightly to 24.8% in February from 25.1% in January.  The CSO said the Covid-19 crisis continued to have a significant impact on the labour market here last month. But it added that the “true” jobless […]

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Permanent TSB talks over Ulster Bank have been positive says CEO

4th March 2021

The chief executive of Permanent TSB has described its discussions with Ulster Bank parent NatWest on the possible purchase of parts of the business as positive. Speaking on Morning Ireland, Eamonn Crowley confirmed the talks included a possible deal on mortgages, as well as the micro-SME aspects of the business. Asked about branches forming part of […]

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EU negotiating with partner it cannot trust – Coveney

4th March 2021

The Minister for Foreign Affairs said the EU is negotiating with a partner it simply cannot trust following yesterday’s move by the British government to unilaterally change how the Northern Ireland Protocol is implemented.  Speaking on RTÉ’s Morning Ireland, Simon Coveney said the difficulty is that the British government has changed its approach.  He said said progress was […]

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Bank branch closures highlight generational digital divide

3rd March 2021

The decision by Bank of Ireland to close over a hundred branches across its network highlights the digital divide that exists between the generations. The migration of banks online has been a difficult transition for many people – particularly older customers, many of whom still favour face-to-face interaction. There is a more obvious solution to the […]

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‘Chronic underinvestment’ harming recovery prospects – Ibec

3rd March 2021

Decades of chronic underinvestment in key infrastructure is threatening to undermine the prospects for economic recovery, according to Ibec. Publishing its submission to the mid-term review of the National Development Plan, the business group says such under-resourcing has resulted in quality of life challenges in areas like housing, environment, health, childcare, and commuting. It says […]

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Exchequer deficit climbed to €14bn by end of February

3rd March 2021

Exchequer returns for February show that the budgetary situation has now deteriorated by €1.7bn compared to the same period a year ago, due to the decline in tax revenue and the increase in spending. The figures will show a deficit to the end of February of €14bn on a twelve month rolling basis. The Minister […]

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Euro zone inflation holds steady before expected spike

2nd March 2021

Euro zone inflation held steady as expected last month, taking a break in what is likely to be a temporary but sharp spike in consumer prices in the coming months, data showed today.  Prices in the euro zone rose by 0.2% on the month in January and 0.9% compared to a year earlier, in line […]

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