The number of people claiming the Pandemic Unemployment Payment has fallen to just under 206,000 – down almost 12,000 from over 217,000 a week ago. That is according to the latest figures from the Department of Employment Affairs and Social Protection. This week, 205,593 people will receive PUP payments, a reduction of 11,549 compared to last…
Category Archives: News
The euro zone’s economic recovery faltered in September with growing evidence sectors and countries in the bloc are diverging as a resurgence of Covid-19 forces the reimposition of restrictions on activity. A rise in infection rates in Europe will concern policymakers who had hoped the euro zone economy was healing after contracting an historic 11.8% in the…
The employers’ group Ibec has called on the Government to expand the employment wage subsidy scheme to include companies threatened by a no-trade deal Brexit. In its latest quarterly Economic Outlook, Ibec also says the key to next week’s Budget will be unlocking “turbocharged” savings by households. The employer’s group believes the key to the economy’s recovery, will…
Business leaders have expressed surprise and concern at the recommendation from the National Public Health Emergency Team (NPHET) to move the entire country to Level 5 Covid-19 restrictions. Organisations representing firms said if such a decision is taken by Government, additional measures would be required to support businesses. Chief executive of the employers’ group Ibec Danny McCoy said that given…
A third of exporting firms have seen their sales fall so far this year, a new survey from Enterprise Ireland has found. The research also found that 85% of companies expect that Brexit will add up to 10% to their cost base. The survey of 728 firms conducted by Enterprise Ireland details the contrasting fortunes…
Being informed about the latest financial news and important changes to legislation is essential when running a business. Resilient taxes can’t match ballooning Government spending The amount of tax collected has continued to defy the scale of the pandemic economic crash as shown by new exchequer data. However, there is still reason to be worried…
Europe’s stock markets have dived more than 1% in early trade after news that US President Donald Trump and his wife have tested positive for Covid-19. The region’s main bourses later clawed back some losses but were still languishing in negative territory, while many investors flocked to the safety of haven currencies. The news compounded uncertainty on…
Small and medium sized businesses here could record a combined total shortfall in revenue this year of between €10.3bn and €11.7bn, according to a new analysis by the Central Bank of Ireland. However, the bank says the estimates are subject to significant uncertainty because of the current economic and health situation and the inability of…
The state should maintain investment in capital infrastructure programmes despite the economic difficulties caused by Covid-19, but the construction sector must guarantee value for money, according to the Secretary General of the Department of Public Expenditure Reform. Addressing the Construction Industry Federation conference earlier today, Robert Watt said there was no imperative to cut back…
The Tokyo Stock Exchange suspended share trading for the full day today as a glitch in its electronic trading system caused the worst outage ever suffered by the world’s third-largest stock market. The shutdown frustrated investors looking to buy back shares after the first US presidential debate. It could also tarnish the exchange’s credibility just…