The government of Ireland plans to be a part of the EU-wide response to high energy prices. If this is not possible, it plans to bring forward its own measures to aid with rising costs. Read more on the upcoming tax cuts and budget plans envisioned for 2023. €11bn Budget announced due to ‘exceptionally challenging…
Tag Archives: consumer patterns
Fuels for Ireland, the industry body for fuel suppliers and retailers, has written to Taoiseach Mícheál Martin to express its members’ deep unhappiness at what it claims have been misleading statements about the sector. The organisation also said that comments made by Mr Martin suggesting the actions of the organisation’s members were morally reprehensible should…
The battered euro took a breather today ahead of this week’s European Central Bank meeting, while commodity currencies eased from recent peaks as investors reckoned war-driven surges in energy, grains and metals could crimp long-term demand. The euro hovered around $1.0913 in Asian trade, a modest recovery from Monday’s 22-month low of $1.0806. The euro…
Higher security standards for certain card payments have come into effect. The changes are part of the ongoing rollout of Strong Customer Authentication (SCA) and relate to recurring card payments such as subscriptions where the cardholder’s details are retained for future use. From today, service providers and online retailers must process these payments in line…
Growth in the country’s service sector picked up strongly in February, as the recovery from the pandemic gained momentum following the lifting of Covid-19 restrictions. The AIB Services PMI rose sharply to 61.8 from 56.2 in January and 55.4 in December. Readings above 50 indicate overall rises in activity. The latest reading signalled the fastest…
The EU is not overly alarmed at the growing use of crypto-assets, the EU Commissioner for financial services, financial stability and Capital Markets Union has said. But Mairead McGuinness also warned that any new financial instrument that is growing and unregulated can cause enormous problems if “we don’t get to grips with it”. Earlier this…
The number of people employed in Ireland increased by 10.1% to just over 2.5 million in the year to the fourth quarter of 2021, according to the latest figures from the Central Statistics Office. It the first time the number has exceeded 2.5 million since the CSO data series began. The Labour Force Survey also…
The figures from AA Ireland show fuel prices have increased by more than a third in the past two years. Petrol prices at the pumps are now close to the psychologically important €2 a litre mark. In the past two weeks alone prices have jumped around 2c a litre, with the relentless cost increases putting…
A requirement for motor insurers to list a customer’s previous five years’ premiums on their renewal notice, which was introduced in an effort to push premiums lower, may be having an unwanted effect. That’s according to online broker, Insuremycars.ie, which claims the change introduced three years ago is leading customers to think they are getting…
Over 43,000 personal loans for home improvements were drawn down last year, up almost 25% on the previous year. New figures from Banking and Payments Federation Ireland reveal that these loans were worth €462 million. The average home improvement loan was €9,748 in the final quarter of 2021, down from €10,899 on the fourth quarter…