The pound weakened versus the euro on Britain’s first day of trading outside the European Union, but strengthened against a softer dollar, climbing above $1.37 for the first time since May 2018, as traders weighed up Brexit relief with Covid-19 risks. The pound had strengthened after a last-minute Brexit deal was agreed on December 24,…
Category Archives: News
Despite it being a record year for savings in Ireland, much of it was accidental given that large sections of the economy were shut down for long periods in 2020 so there was reduced opportunity to spend. And many people were not in a position to accumulate savings given that their source of income had…
The Central Bank has warned that Irish creditors with direct debits in place for UK customers may need to provide their banks with additional information to avoid payment requests being rejected. It follows the end of the Brexit transition period last night. “The Central Bank has engaged extensively with payment service providers, UK supervisory authorities…
The Irish manufacturing sector saw a boost to business in December as firms prepared for the end of the Brexit transition period, according to the latest Purchasing Managers Index from AIB. Output rose at the fastest rates since July’s post-lockdown bounce, and purchasing accelerated as firms sought to expand inventories to guard against a potential…
EU and UK officials will continue their last-minute negotiations in Brussels today with the EU signalling that persistent differences over fisheries could mean an agreement is not reached in time for 31 December, when the Brexit transition period ends. The EU’s chief negotiator, Michel Barnier, told member states that the UK’s latest offer on granting European…
Public liability insurance premiums have increased by 15-20% on average over the past three years, new research by the Competition and Consumer Protection Commission (CCPC) has found. Their market study also found that the reasons for the increases were not always clear and 70% of respondents said they did not think that the price rises…
The Tánaiste and Minister for Enterprise, Trade and Employment has written to every registered business in Ireland to urge them to prepare for Brexit and to thank them for the burden they have carried in the fight against Covid-19. The letter from Leo Varadkar was sent to about 225,000 businesses registered with the Companies Registration…
Minister for Transport Eamon Ryan has said there will be a series of staggered dates regarding changes to restrictions, not all on the one date, over the holiday period. Mr Ryan was speaking ahead of a Cabinet meeting at Dublin Castle. He said the Cabinet sub-committee was briefed last night by the National Public Health Emergency Team (NPHET)…
New figures show that the number of mortgages approved fell by 0.2% in November on a monthly basis, while they rose by 24.3% compared with the same time last year. Banking & Payments Federation Ireland said that a total of 5,198 mortgages were approved in November. First-time buyers (FTBs) were approved for 54.4% of the…
An Post has said last-minute international letters and parcels to and from Britain and the rest of Europe will be impacted by the serious disruption to international supply lines through Britain. “We’ll do everything within our power to maintain the flow of incoming and outgoing international mail,” said Garrett Bridgman, Managing Director, An Post Mails…