A Government report outlining how to reform the assessment of insurance claims, and strengthen consumer protection, will be published this afternoon after consideration by Cabinet. It is believed the proposals include strategies on how to increase market competition, clamp down on insurance fraud, and re-evaluate the level of awards. In particular, it will make recommendations to address…
Category Archives: News
Housing supply is unlikely to meet demand until at least the end of 2023, according to an analysis of the housing market by the Banking and Payments Federation Ireland. The Federation concludes that the total number of completions will exceed 19,000 units for the year. This is significantly higher than estimates produced in the early months…
EU chief negotiator Michel Barnier is currently briefing EU member states on the state of play in the Brexit negotiations which Taoiseach Micheál Martin last night described as on a knife edge. Both teams continued discussions late into the night and will resume negotiations today, with British Prime Minister Boris Johnson and European Commission President…
Online spending in November was double what it was during the same month last year, as people were precluded from physical shopping in non-essential retail stores due to Covid-19 restrictions. But the restrictions also appear to have given a boost to Irish retailers, with 43% of the online spend on Green Friday going to domestic-based…
The impact of Level 5 Covid-19 restrictions on consumer spending have been revealed in figures released by the Banking and Payments Federation. Cash withdrawals from ATMs and card spending dropped in October, due to the shutdown of non-essential retail outlets. However online shopping boomed, with more consumers buying Irish products as a rising number of local businesses…
The European Union’s top markets regulator has delivered a fresh warning that big European banks will face difficulties trading derivatives when they are locked out of London’s dominant trading platforms at the end of the Brexit transition this month. Steven Maijoor, chair of the Paris-based European Securities and Markets Authority, said in an interview with…
Sainsbury’s, Asda, Aldi and B&M will forgo UK property tax relief during the pandemic, following rivals Tesco and Morrisons and taking the total recouped by the UK government from retailers to £1.8 billion. Britain’s supermarket groups have seen sales soar during the pandemic, but have been criticised by politicians for paying shareholder dividends while receiving…
Negotiations on a future EU-UK relationship will resume in London this morning, but hope is fading that the talks on a post-Brexit trade deal could finish today. Downing Street last night claimed that the EU side had placed fresh obstacles in the way of an agreement following pressure from French President Emmanuel Macron. British officials…
Services activity contracted faster in November, ahead of the reopening from this week of large parts of the sector, a business survey showed today. Ireland became one of first European countries to reimpose tough Covid-19 restrictions in late October when the Government shut non-essential retail and limited pubs and restaurants to takeaway services. The restrictions…
The public finances recorded a deficit of €8.9 billion in November, according to the latest Exchequer figures. This compares to a surplus of €3.355bn in November last year. It is also an improvement on the €11.7bn deficit recorded at the end of October, largely due to some one-off factors. The deterioration compared to last year…