Talks between the hospitality industry and Government representatives to find a way of allowing indoor hospitality to resume will get under way later. Indoor drinking and dining in pubs and restaurants had been due to recommence today, as part of the next phase of easing restrictions. The Government decided last week to delay resuming indoor…
Growth in activity in the services sector increased further in June but cost pressures continued to intensify for firms with input price inflation hitting its highest level since 2008, a survey reveals today. AIB’s IHS Markit Purchasing Managers’ Index (PMI) rose to 63.1 from 62.1 in May, the highest level in more than five years….
Thursday saw the OECD forge a landmark deal to reform the global corporation tax system. Brokered among 130 countries and jurisdictions, the accord aims to modernise and stabilise what’s seen as an outdated and divisive means of calculating and collecting what large multinationals owe and pay in tax. But Ireland isn’t on board as yet,…
The Organisation for Cooperation and Development (OECD) has said that 130 countries and jurisdictions have signed up to a plan that will bring sweeping new reforms to global corporation tax rules. However, Ireland is not on the list of signatories to the proposals. Under the plan, countries will be able to tax the profits of…
The Minister for Finance has told the Dáil that he will oversee “a broad-ranging review” of the banking sector. Paschal Donohoe said the review will consider “possible gaps in terms of competition and consumer choice”, “assess the availability of credit to SMEs … and consider options to further develop the mortgage market.” It wil also…
The chief executive of the employers’ group Ibec has warned that a lack of clarity on plans for a further reopening of the economy could materially impact the economic recovery. Danny McCoy also called for certainty for the hospitality sector and the broader business community. “We are very concerned for the many businesses and people…
The Central Bank has upgraded its forecasts for growth in the economy in its latest quarterly bulletin. It has also said that any decision to permanently increase spending in upcoming budgets will have to balanced by new taxes or reduced spending in other areas. This, it says, will involve “trade offs” and choices as “structural…
Homebuilder Cairn has reported revenues of €131m for the first half of this year after it closed 403 new home sales. In a trading update for the six months to the end of June, it said this compared to €81m from 207 closed sales the same time last year. Cairn Homes said that 16 active…
The Government has approved measures which will see rent increases linked to general inflation and an extension of rent pressure zones to the end of 2024. Minister for Housing Darragh O’Brien said the provisions will likely take effect by 19 July. The current cap of 4% on rent increases in Rent Pressure Zones will be…
Representatives from the hospitality industry are due to hold talks with Tánaiste Leo Varadkar, Minister for Health Stephen Donnelly and Minister for Tourism Catherine Martin. The Hospitality Forum, which includes hotel, restaurant and licensed vintner groups, meets ministers every three or four months. Today’s long scheduled meeting is timely as it will be the first…