Practice News

Weekend newspaper supplements often quiz somebody reasonably well known about their finances. The answers are often the same: ‘money is not my main motivation, my priorities are my family, friends and employees’ and other assorted fibs. One question that always receives the same answer is about property versus shares. People always say that they much […]

A good friend of mine was caught out by a scam before Christmas. He received a call on his home phone from an individual who claimed to be from Mastercard. The individual told him that a fraudster had got his hands on his debit card and used it to steal money from his account. My […]

Not that long ago a friend sent me a yellowing magazine story about famous Fleet Street editors, with a Post-it note attached saying: “Those were the days.” I saw what she meant as soon as I read about the late Charles Wintour, a former London Evening Standard editor with a flair for the withering memo. […]

POLICY makers across developed economies have struggled to lift wages since the great crash – a big factor in the slow return of inflation. While it suits many employers, it’s seen as one reason overall growth remains dangerously sluggish. Spain’s decision to hike its minimum wage by 22pc, even though unemployment remains high, signals a […]

New figures from the Central Statistics Office show that consumer prices rose by 0.7% in January compared to the same time last year. The CSO said the gain came on the back of higher rents and mortgage interest repayments as well as increases in the price of electricity and gas and higher prices for food […]

Property prices are continuing to rise, but the rate of increase is down indicating a slight cooling down. New figures from the Central Statistics Office show prices were up by 6.5pc nationally in the year to December. This compares with an increase of 7.2pc in the year to November and an increase of 12.1pc in […]

Banks have paid out €647m in redress, compensation and costs to customers caught up in the tracker mortgage controversy, new figures from the Central Bank show. The number of borrowers identified as being affected by the issue had risen by 1,400 since the end of August to 39,800 by the end of December, the bank […]

Spending by householders was flat last month as the bills for Christmas arrived. New figures from the Visa Consumer Spending Index show expenditure in shops was down 5pc in January, but online spending was up almost 10pc. This meant overall consumer spending was up just 0.01pc in January compared with a year ago. In a […]

With 44 days to go until the UK leaves the European Union, Taoiseach Leo Varadkar has said he believes a deal will be reached between the two. However, he added that Ireland would continue its preparations for all possible outcomes, including a no-deal scenario. Opening the European Financial Forum in Dublin today, Mr Varadkar also […]

Europe’s second-highest court will rule tomorrow whether a Belgian tax break which benefited some 35 large companies is illegal state aid, a judgment which could provide clues to other tax cases involving Apple, Starbucks and Fiat Chrysler. As part of its crackdown on tax avoidance, the European Commission three years ago ordered Belgium to recover […]