Business News
Mortgage approvals see annual rise of 4.1% in August New figures show that the number of mortgages approved rose by 4.1% in August on an annual basis, while they fell by 15.1% compared to July. The Banking & Payments Federation Ireland, which is urging an extension of the Help to Buy scheme in next month’s […]
Read MoreGovt should consider supplementary Budget to respond to Brexit – ESRI The Economic and Social Research Institute has said the Government should consider a supplementary Budget in the New Year to respond to Brexit. Next month’s Budget will be drawn up on a “disorderly Brexit” scenario. In its latest Quarterly Economic Commentary, the think-tank warns […]
Read MoreUK factory output expectations plunge to 10-year low British factories’ own expectations for output fell in September to their lowest in more than 10 years, according to a survey that showed Brexit and a global slowdown weighing on manufacturing. The Confederation of British Industry’s (CBI) monthly manufacturing order book balance fell to -28 in September […]
Read MoreSmall firms need UK-style tax breaks to ‘fight back’, compete post-Brexit – Dublin Chamber BUDGET 2020 must help small, indigenous companies to compete with a “more attractive” UK, chambers of commerce leaders told an Oireachtas committee yesterday. Dublin Chamber chief executive Mary Rose Burke, whose organisation represents more than 1,300 businesses, said capital gains tax […]
Read MorePound tumbles 1% as investors fear ‘never-ending limbo’ in UK politics The pound fell 1% today against the dollar, ceding gains made the previous day after the Supreme Court’s ruling against Prime Minister Boris Johnson. Investors are pricing in many more months of Brexit and general election risk. Boris Johnson was dealt a blow by […]
Read MoreOil prices fall due to weak economic data, Saudi output recovery Oil prices fell today after weak manufacturing data from Europe and Japan focused market attention on a gloomy outlook for demand. The drops also came as Saudi Arabia said it could restore oil output faster than anticipated following attacks last week. Brent crude futures […]
Read MoreDublin city councillors vote to cut property tax by 15% Dublin city councillors have again voted to reduce the annual local property tax by 15% – the maximum amount allowable. The elected councillors refused to accept the advice of management who pointed out this will mean €12m less for public services at a time when […]
Read MoreSterling rallies, stocks slip on Supreme Court ruling Sterling extended gains on Tuesday while euro zone stocks tumbled after Britain’s Supreme Court ruled that British prime minister Boris Johnson had acted unlawfully when he advised Queen Elizabeth to suspend Parliament this month. The British currency gained as much as 0.4 per cent against the euro […]
Read MoreEuro zone business growth halts as Germany goes into reverse Euro zone business growth stalled this month, dragged down by shrinking activity in powerhouse Germany, where a manufacturing recession deepened unexpectedly. Today’s downbeat survey results come less than two weeks after the European Central Bank pledged indefinite stimulus to revive the 19-country currency bloc’s ailing […]
Read MoreCentral Bank warns on Brexit and corporation tax ‘shock’ The Central Bank has warned that a disorderly Brexit and a reduction in the amount of corporation tax collected by the Exchequer could deliver a negative shock to the public finances. In an Economic Letter published today, the Central Bank has forecast that the national debt […]
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