Monthly Archives: August 2020

Irish consumers now sixth-most confident in Europe

Deloitte has released it latest State of the Consumer Tracker which shows consumer confidence holding steady into July, with Ireland now in second place in Europe for consumer confidence in visiting stores in person. This is the latest of the new bi-weekly survey, which tracks Irish consumers’ attitudes towards personal well-being, financial concerns, travel and…

EU proposes changes to VAT rules

The European Commission has proposed changes to the EU’s VAT rules, in preparation for the end of the transition period with the UK on 31 December 2020. The amendment to the VAT Directive introduces a special identification number for businesses in Northern Ireland, so that EU VAT provisions can be properly applied to goods, in…

British economy slumps into recession after record drop in quarterly output

Britain’s economy shrank by a record 20.4 per cent between April and June, when the coronavirus lockdown was tightest, the largest contraction reported by any major economy so far, according to official figures published on Wednesday. The data also showed the world’s sixth-biggest economy entered a recession as it shrank for a second quarter in…

Irish talent tech is helping businesses and employees to learn and thrive

In these turbulent times, many firms are viewing the period of disruption as an opportunity to reassess and improve how they care for and develop employees – and ultimately build better organisations. Irish talent tech firms are supporting HR and organisational development departments at global firms as they examine how a push for employee development,…

Pandemic saw anxious Irish savers cut their pension contributions

More than one fifth of Irish pension savers have reduced contributions to their scheme during the Covid-19 outbreak. Irish pension savers are three times more likely than those in the UK to have stopped or reduced pension contributions during the period, according to a survey by State Street Global Advisors (SSGA). Globally, most people surveyed…