Business News

Ireland outpaces EU average again with 6.7pc GDP rise

18th March 2019

ECONOMIC growth came in at 6.7pc in 2018, and although it slowed in the second half of last year, Ireland has experienced the most rapid growth of any eurozone country since 2014. Strong exports were once again behind the strong growth seen here, according to data from the Central Statistics Office released yesterday. However, there […]

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Mortgage arrears dip as court repossessions fall to nine-year low

18th March 2019

MORTGAGE arrears figures from the Central Bank show another fall in the overall numbers behind on their payments. But there is only a small alteration in the numbers in long-term arrears. This is despite the issue persisting for years now. Court-ordered repossessions are at a nine-year low. The figures show that overall some 63,246 residential […]

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Sterling on course for biggest weekly gain in 7 weeks

18th March 2019

Sterling was seeing its best week since January, as investors waited for next week’s parliamentary vote on Prime Minister Theresa May’s deal to exit the European Union. Sterling has rallied this week – it is up 1.7% against the dollar – after British politicians voted against leaving the EU without a deal and backed a […]

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What are “banded hours”?

15th March 2019

Banded Hours: The Employment Act 2018 creates a new right for employees whose employment contract does not accurately reflect the reality of the hours they work on a consistent basis. After a reference period of 12 months, employees will be able to request in writing to be placed in a band of hours that better…

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New Employment Legislation

15th March 2019

Failure to comply with new employment laws could see employers facing jail time! What is the Employment act 2018? To improve security and predictability of working hrs for employees on insecure contracts and those working variable hours. Key Changes: 1.Written statement within 5 days of commencing employment Core Terms in 5 Days: The full name…

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How to Survive PAYE Modernisation

15th March 2019

What employers need to do to comply with PAYE Modernisation. In this guide below, we will discuss how PAYE Modernisation affects your business and your real time reporting obligations to revenue. PAYE Modernisation:By now, all employers in Ireland should know about Revenue’s new PAYE Modernisation legislation. This system came into effect on January 1st 2019…

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No tariffs on EU goods coming into NI in no-deal Brexit

14th March 2019

The UK will not introduce any new checks or controls on goods moving across the land border into Northern Ireland if the UK leaves the European Union without a deal, it has been announced. Under a temporary and unilateral regime announced by the British government, EU goods arriving from the Republic and remaining in Northern […]

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Consumer spending falls in February

14th March 2019

Consumer spending has fallen for the second time in three months, according to Visa’s Irish Consumer Spending Index. Having risen slightly during January, consumer expenditure was down by 0.6pc on a year-on-year basis. This was the sharpest reduction in real spending recorded for two years, as falling consumer confidence continues impact spending habits. The fall […]

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An Post lines up mortgage market entry as profits rocket

14th March 2019

An Post is looking to launch its mortgage product in the spring of next year, it said on Wednesday when announcing a loan product that offers up to €75,000. At a briefing in the GPO, the company’s head of retail, Debbie Byrne, said its consumer lending product will go live this month, allowing customers to […]

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One-in-three people admits being ‘very worried’ about their finances

13th March 2019

A third of people in this country are “very worried” about their finances. More than half also have no pension, according to research commissioned by Bank of Ireland. One in four would not last a month without having to borrow if they lost their main source of income. The bank is spending €5m this year […]

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