When Micheál Martin announced an earlier than expected easing of restrictions just three weeks ago, relief was in the air. The worst of the pandemic appeared to be in the rear-view mirror, the economy was starting to recover strongly and his Government could finally look to tackle other important issues that had been put on…
Tag Archives: Ireland’s economy
The Government is set to announce measures to address the impact of the rising cost of living on households. The Taoiseach told a meeting of his party last night that these supports will alleviate pressures on working people and those on low incomes. Today’s announcement will detail supports in excess of €400 million. However, this…
The Minister for Finance has said the Government will have a better idea next month what impact the reduction of the employment wage supports is having on vulnerable firms. Paschal Donohoe said it is difficult to form a view as to the number of employers who may see their viability effected as we move through…
Rents nationally rose at an annual rate of just over 10% in the last three months of last year, according to listed rent prices compiled by the property website Daft.ie. On a quarterly basis, rents rose in the Dublin area by just over 4% compared to just 0.5% in Munster. This is a reversal of…
A Government plan to give all workers the right to paid sick leave has been approved by the Oireachtas Committee on Enterprise, Trade and Employment. The committee is recommending that all employees be entitled to the right of statutory sick pay to ensure workers on all forms of employment contracts receive the same protections. The…
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…
Government pandemic supports saved at least 4,500 Irish companies from going bust – an average of 50 companies every week, according to analysis by PwC which feature in a report ‘Act Now: From recovery to growth’. The author of the report said that while the businesses avoided insolvency, they will need further support to repair…
Taoiseach Micheál Martin has said the Government will look to see what it can do to alleviate pressure quickly on those who are hardest hit by inflation. He said this is “not going to be a mini-budget” but it will look at a range of charges from health to transport to see what it can…
Banking staff nationwide are being trained to spot the signs of financial abuse and coercive control. The move follows research which found that over 20% of women aged 18 to 34 do not have control of their finances. The Banking & Payments Federation of Ireland says younger women also find it difficult to collect money…
The European Central Bank kept policy unchanged as expected today, curbing stimulus over the coming months but maintaining plenty of support for the economy even after inflation unexpectedly hit a fresh record high. After the ECB extended support measures only in December, policy change was not expected to be on the agenda. But stubbornly high…
