Danny McCoy, the chief executive of Ibec, has said the lifting of most Covid restrictions is a “positive development” and that a gradual return to the workplace can be done “that little bit faster”. Speaking on Morning Ireland, Danny McCoy said employers and employees would have to decide how best to proceed on returning to…
Tag Archives: Economic welfare
The proportion of women in leading positions at major European companies rose last year, but fell behind schedule to reach the European Commission’s proposed target of 40% for 2025. This is according to a study by an EU-sponsored non-profit organisation. European Commission President Ursula von der Leyen said earlier this month she would try to…
Companies being supported by the country’s Local Enterprise Offices created 7,440 new jobs last year, a 9% increase on the figure in 2020. It brought to 35,729 the total employed by LEO-supported firms at the end of last year, and marks 8th successive year of employment growth. The vast majority – 85% – of those…
2021 saw an “exponential growth” in the number of customs declarations, according to headline results published by Revenue today. New EU VAT rules, which came into effect in July, and an increase in e-commerce which began during the pandemic saw a fourteen-fold increase in declarations. Revenue reported that 25.4 million customs declarations were processed in…
The deficit in the state finances has fallen to as low as 2% of GDP for 2021, which would make it one of the smallest deficits in the OECD, according to Davy. The stockbroker’s chief economist Conall MacCoille bases his calculations on expectations that the general government deficit will come in just under €9 billion,…
The Department of Finance has recorded the highest ever tax take of €68.4 billion, pushing the Exchequer deficit down to €7.3 billion. According to the latest Exchequer figures, tax receipts were up by €11.2 billion (19.7%) on 2020. This was the highest ever tax yield, over €9 billion ahead of the previous highest yield reached…
Growth in the country’s service sector slowed sharply for the second successive month in December as firms reported that a rising wave of Covid-19 infections was dampening demand, a survey found today. The AIB IHS Markit Purchasing Managers’ Index (PMI) dropped to 55.4 from 59.3 in November and 63.4 in October. The index hit a…
Minister for Finance Paschal Donohoe has said that the heightened level of pandemic supports will remain in place until the end of January in line with most recent public health restrictions. Paschal Donohoe said the Government will monitor the current level of restrictions on a daily basis, but that the plan is not to change…
Economy performing ahead of expectations – Varadkar Leo Varadkar, Tánaiste and Minister for Enterprise, is optimistic about the future of Ireland’s economy. We might get back on sustainable footing without increasing taxation or cutting on spending. Varadkar says that the goal of the government is to cut taxes and increase welfare in a “prudent fashion.”…
There is a lot of uncertainty around the welfare of Ireland’s economy due to the impact of the COVID-19 pandemic. These predictions could provide some clarity on the forecasts regarding the positive and negative effects on the economy for 2021 and the remainder of 2020. COVID-19 to cause an estimated 8% contraction in Ireland’s economy…