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…
Tag Archives: Mark Kennedy & Co.
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…
New data show that household budgets are coming under pressure as grocery price inflation reached its highest level since October 2020 at 1.7% in the 12 weeks to January 23. The data from Kantar show that the number of products being sold on promotion has dropped by 3% compared with last January. Kantar also said…
According to the Irish Fiscal Advisory Council, the 2022 Budget is on a much more “prudent path”. Will inflation change the facts after Budget 2022? Although the deficit for 2025 of over €7 billion has been brought to an €875 million surplus. The eradication of that deficit is predicted for 2023, which might look promising….
The Minister of the Environment, Climate, and Communications, Eamon Ryan, mentioned that the government needs to look at similar and potential measures for this year’s budget to support struggling fuel payers with bills due to rising energy costs. The increased energy costs depend on various international factors. Government to help those struggling with increasing fuel…
Irish manufacturing activity suffered a further severe deterioration last month, according to figures published today. The AIB Manufacturing Purchasing Managers’ Index (PMI) for May shows that although many indicators recovered some of the ground lost in April’s collapse, they still signalled rapid falls. The PMI rose from April’s 11-year low of 36.0 to 39.2 in…
European countries need to join forces to shield their banks from the coronavirus outbreak, one of the bloc’s top regulators said today, potentially using a 500 billion euro EU recovery fund to do so. The remarks from Jose Manuel Campa, who leads the European Banking Authority (EBA), will rekindle a divisive debate about whether rich…
The number of people receiving the Covid-19 Pandemic Unemployment Payment has fallen to 579,400 – a drop of 5,200 over the last week. Of these, 33,400 are receiving their last payment as they are returning to work. These figures are on top of the 214,700 people receiving Jobseekers’ Benefit at the end of April. Today’s…
The National Treasury Management Agency today held an auction of Irish Treasury Bills and sold the target amount of €750m. The NTMA said that total bids received amounted to €3.71 billion which was nearly five times the amount on offer. The Treasury Bills, which have a maturity of five months, were sold at a yield…