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Dublin: 7 °C Wednesday 3 September, 2014

Economy - Today’s News

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Economy - Yesterday’s News

Budget cuts could be “significantly less” says Noonan, but don’t leap for joy just yet

The minster says cuts will have to be made, even if they are less than previously thought.

Michael Noonan’s going on a European charm offensive worth hundreds of millions

The Minister is looking to seal a deal for early repayment of our IMF loans, which would bring down repayments considerably.

From TheJournal.ie At-risk youth may be ‘unemployable’ after recession At Risk

At-risk youth may be ‘unemployable’ after recession

‘Meaningful’ action needed so vulnerable young people share in recovery.

Ireland has a €12.5 billion problem mortgage mountain to climb

The headline number of arrears has fallen, but ultra long term problem loans continue to climb.

Planning a weekend away in Ireland? Now it could cost 10% more

The average hotel price is up in the first half of this year with Killarney, Dublin and Galway at the top of the scale.

Economy - Monday 1 September, 2014

From TheJournal.ie I’m not intervening, says Minister — as talks to avoid rail strikes begin again Striiiiike

I’m not intervening, says Minister — as talks to avoid rail strikes begin again

Two more rail strikes are planned for this month, but it’s hoped a solution can be reached at LRC talks continuing this afternoon.

Greyhound accepts LRC invite, says ball is now in workers’ court

The invitation comes after the two sides met last week but workers have not yet committed to entering formal talks.

Good news: the manufacturing sector just hit 15 year highs

Ireland is bucking the wider European trend with overwhelmingly positive figures for last month.

Almost 1,000 new companies were formed in Ireland last month

New figures for August out today contain some mixed news. Start-ups were up significantly – but there was also an increase in insolvencies last month.

Economy - Sunday 31 August, 2014

From TheJournal.ie Why Ireland is a bit like Padraig Harrington when it comes to being competitive In The Rough

Why Ireland is a bit like Padraig Harrington when it comes to being competitive

In the run-up to Budget 2015, Dr Daragh McGreal looks at why Ireland has lost its competitive edge.

Economy - Saturday 30 August, 2014

From TheJournal.ie “No progress” today, but talks to avoid another train strike will continue LRC

“No progress” today, but talks to avoid another train strike will continue

SIPTU says there’s been no progress as yet, as unions and management meet to try and resolve their dispute before the next scheduled strike action.

Economy - Friday 29 August, 2014

Pressure is mounting on Mario Draghi to turn on the cash taps

Weak inflation data from the EU could force the Italian’s hand.

Irish aversion to debt is “most disappointing” aspect of recovery

Loan repayments were €437 million higher than new lending last month.

Economy - Thursday 28 August, 2014

Delayed wage payments should be in accounts by end of day

Bank of Ireland said many payments have already been processed and apologised for the delay.

Irish households pay just under 24% in tax, a new study says

If you’re at the bottom or the top of the income charts, you pay more than the average.

Economy - Wednesday 27 August, 2014

13.4% jump in prices means we have a ‘frothy’ property market – but is it a bubble?

Latest data from the CSO shows that prices around the country are significantly higher than last year.

From TheJournal.ie With 48 days to Budget 2015 Fine Gael and Labour are already drawing their battle lines Budget Battle

With 48 days to Budget 2015 Fine Gael and Labour are already drawing their battle lines

Fine Gael is talking tax cuts while Labour is all about wage increases.

From TheJournal.ie Caught for the second home tax? This information could save you €3,000 Negotiate

Caught for the second home tax? This information could save you €3,000

Those in dire straits may be able to negotiate with local councils by Friday – but after that the penalties jump massively.

Economy - Tuesday 26 August, 2014

From TheJournal.ie Only 16% of emigrants were unemployed before they left Ireland State Of The Nation

Only 16% of emigrants were unemployed before they left Ireland

Overall emigration by Irish citizens is down 20% from last year.

Is the economy all that great? Accountants say maybe not

Almost one in four now think that the economy is stagnating.

From TheJournal.ie Richard Bruton: Now is not the time for wage increases Not Now

Richard Bruton: Now is not the time for wage increases

The Jobs Minister’s position contrasts with those in Labour who want a Low Pay Commission.

The family car costs more than €10,000 a year to run

A new study by the AA finds that, despite a slight decrease, the cost of running a family car remains high.

Delay in wage payments to Ulster Bank customers

A number of customers said they had not been paid this morning but the issue has now been resolved.

Economy - Monday 25 August, 2014

Public sector average wages are €300 per week higher than private sector

The average public sector wage is just short of €920 per week – but experts say that could be skewed.

Massive insurance meeting will bring €9 million to Irish economy

A new initiative aims at bringing the lucrative events to Ireland.

Ulster Bank is feeling good about the economy – and predicting 3.1% growth this year

The bank is predicting a broader based recovery, with jobs outside Dublin on the cards.

From TheJournal.ie French government collapses after row over economic policy France

French government collapses after row over economic policy

President Francois Hollande has asked his prime minister to form a new government.

Economy - Sunday 24 August, 2014

From TheJournal.ie Travelling somewhere? Don’t forget, there’s a massive rail strike… Arrangements

Travelling somewhere? Don’t forget, there’s a massive rail strike…

There are no trains. And there aren’t many extra bus services either — but for what it’s worth, here are the arrangements…

From TheJournal.ie Money makes people mean – here’s how Monopoly proves it Money Money Money

Money makes people mean – here’s how Monopoly proves it

This experiment put people in a rigged game and asked how they felt the game went.

From TheJournal.ie If 13 cent of every €1 raised in taxes pays down debt what can be done to ease the burden? Budget 2015 This post contains a poll

If 13 cent of every €1 raised in taxes pays down debt what can be done to ease the burden?

In the run-up to Budget 2015, Dr Daragh McGreal looks at the issue of Ireland’s ‘unsustainable’ debt.

Economy - Friday 22 August, 2014

Don’t go beyond €500 million in budget cuts – that’s what Investec are telling the Government

Positive economic trends on nearly every front make for an easier budget.

From TheJournal.ie After another death, calls for farm safety to be taught to primary school kids New Module

After another death, calls for farm safety to be taught to primary school kids

More people have died on Irish farms this year than over the entire of 2013.

Economy - Thursday 21 August, 2014

From TheJournal.ie Iarnród Éireann boss is set to return from Mauritius holiday ahead of strike action Industrial Action

Iarnród Éireann boss is set to return from Mauritius holiday ahead of strike action

Chief executive David Franks is set to jet home from his holiday in Mauritius

Industrial disputes have cost 8,324 working days so far this year

That’s more than double the number for the same period last year.

Economy - Wednesday 20 August, 2014

From TheJournal.ie Living in Australia or Canada? Good choice says The Economist, Dublin not so much Grass Is Greener

Living in Australia or Canada? Good choice says The Economist, Dublin not so much

Melbourne is the best city to live worldwide but Dublin is way down the list.

No more austerity needed to hit Budget target, says Goodbody – and we could even cut income tax

The latest quarterly report from Goodbody Stockbrokers has some positive points on the Irish economy.

Economy - Tuesday 19 August, 2014

PTSB reports 62% drop in half-year operating loss – and 362% increase in mortgage lending

Group chief executive says PTSB is making “huge progress on the arrears problem” and eight out of ten PTSB customers in arrears are engaging with the group.

Economy - Saturday 16 August, 2014

From TheJournal.ie Aaron McKenna: We should aim to do less, not more, trade with Russia Bullyboy Ban

Aaron McKenna: We should aim to do less, not more, trade with Russia

We shouldn’t be focused on Vladimir Putin’s bullyboy ban on many EU foods – we should be making ties with ambitious countries that share our values.

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