Minister for Public Expenditure and Reform Michael McGrath has said Covid-related supports for businesses and individuals beyond June will be laid out by Government by the end of this month. He said the Government will give careful consideration to Covid-19 supports provided, and reiterated there will not be any cliff edge for people or their…
Category Archives: News
A new report from the Central Bank indicates that lending by banks has begun to recover this year, particularly in the mortgage market. However, it warns that unexpected bad debts may stifle the supply of credit when Government supports are phased out. The report, which is published as part of the bank’s Economic Letter series,…
Is this really the beginning of the end of the economic misery that’s been heaped upon the country for the past 13 months? That’s the question that thousands of business owners and their staff across the country are asking themselves, following the latest reopening plan announcement. For pubs that haven’t served a pint in 15…
Business groups have largely welcomed the latest Government plan for the reopening of the economy, which will see sectors reopen on a phased basis from 10 May. On that date, hairdressers will reopen. The Irish Hairdressers Federation welcomed the news, saying their focus is now on reopening the sector safely and responsibly on 10 May….
Certainty on financial supports and the reopening strategy for businesses over the coming months are required from today’s Cabinet meeting on Covid-19 restrictions, Chambers Ireland has said. The organisation, which represents 41 individual chambers of commerce around the country, said timelines for the reopening need to contain targets and be realistic. “First and foremost, the…
Almost half of businesses surveyed by the Central Statistics Office had employees either on the Pandemic Unemployment Payment (PUP) or the Wage Subsidy Scheme (WSS) in January of this year. 46.6% of almost 243,000 firms across a range of sectors were in receipt of some form of support. This compares to a peak of 57%…
Retail sales volumes were 8.5% higher in March than in the same month last year, driven by growth in homewares and car sales, new figures from the Central Statistics Office show today. Sales volumes were down 1.9% compared to February, the CSO said. This followed a monthly decline of 20.7% in January and an increase…
A new report from the Central Statistics Office finds evidence that Brexit has led to an overall decline in trade between Ireland and the UK in food and drink products and a decline in Irish trade overall. The report – entitled ‘Food and Agriculture: A Value Chain Analysis’ – compares exports of food and drink…
The Minister for Finance, Paschal Donohoe, has said expenditure by the Government will be higher than the average 3.5% increase in core spending detailed in the Stability Programme Update. Minister Donohoe was responding to a question from Sinn Féin spokesperson on finance, Pearse Doherty, at an appearance before the Oireachtas Committee on Budgetary Oversight this…
Retailers have expressed deep concern at Government plans to introduce minimum unit price (MUP) rules for alcohol before similar measures are put in place in Northern Ireland. Retail Ireland has warned that such a move, without alignment with the North, is likely to lead to a surge in cross-border shopping, with people travelling into Northern…