Categorized as: Syndicated News

Residential property price growth slows to 3.1% in April

Residential property price growth slows to 3.1% in April

New figures show that Dublin residential property prices grew again at a slower pace in April than the rest of the country.

The latest residential property price figures from the Central Statistics Office show that prices nationwide rose by 3.1% in April compared to the same month last year.

This is the lowest rate of price growth since the recovery in …

Ireland has spent €86.8m on carbon credits to meet emissions targets

Ireland has spent €86.8m on carbon credits to meet emissions targets

Ireland’s approach to reducing carbon emissions is a “charade” that is costing millions annually as it is buying carbon credits from other countries to “pretend we are coming in under target”, according to the chairperson of the Public Accounts Committee.

Seán Fleming said it was “horrific” that €86.8m of Irish taxpayers’ money had been spent purchasing carbon credits from …

Rate of inflation falls to 1% in May – CSO

Rate of inflation falls to 1% in May – CSO

The annual rate of inflation eased to 1% in May from the seven year high of 1.7% hit in April, new figures show today.

The latest figures from the Central Statistics Office figures show that consumer prices fell by 0.1% on a monthly basis in May.

The CSO said that May saw higher rents and mortgage interest repayments as well …

Bill to ban employers from using tips for workers’ pay

Bill to ban employers from using tips for workers’ pay

The Government is preparing legislation that would ban employers in the service industry from using tips to help pay workers’ wages and require businesses to display their policies on tipping.

It follows criticism of some businesses that were not allowing staff to take home the full amount of tips they had received during a shift.

Minister for Employment and Social …

Major Irish firms claim significant progress on carbon reduction target

Major Irish firms claim significant progress on carbon reduction target

A new report claims that 47 major Irish firms have already made significant progress in meeting a carbon reduction target initially set for 2030.

The pledge was made as part of the Business in the Community Ireland group – and sees the likes of Diageo, Musgraves and Ornua aim to cut their carbon intensity by 50% by 2030.

According to …

Ireland will be worst-hit by US tariffs, says IMF

Ireland will be worst-hit by US tariffs, says IMF

The Irish economy will be hit three times harder than Germany and worse than any other developed nation if the US imposes a blanket trade tariff, the IMF has warned.

A new study from the International Monetary Fund (IMF) put Ireland top of a list of countries that will be worst hit by US tariffs.

The study models the impact of …

3.3% rise in goods handled – in and out – of Irish ports

3.3% rise in goods handled – in and out – of Irish ports

New figures from the Central Statistics Office reveal that Irish ports handled 55.1 million tonnes of goods last year, an increase of 3.3% on the previous year.

Total goods forwarded from Irish ports amounted to 18 million tonnes, a slight increase of 0.8% when compared with the previous year.

A total of 37.1 million tonnes …

Fiscal Council issues warning over Government’s budget plans

Fiscal Council issues warning over Government’s budget plans

The Government will have just €600 million to either increase spending or reduce taxes in October’s budget once existing commitments are taken into account, the State’s independent finance watchdog says.

According to the Irish Fiscal Advisory Council (IFAC), if the Government sticks to its plans, a total of €2.8bn in additional measures could be included in the budget, although €2.2bn of those …

Average annual earnings rise by 3.3% to €38,871 in 2018

Average annual earnings rise by 3.3% to €38,871 in 2018

Average annual earnings increased by 3.3% to €38,871 in 2018 from €37,637 in 2017, new figures from the Central Statistics Office show.

The CSO said this compares to an annual increase of 1.9% in 2017 from €36,933 in 2016.

Today’s figures show that average annual earnings for full-time employees last year rose by 2.6% to €47,596 while the …

Sterling bounces off five-month low against the euro after April pay data

Sterling bounces off five-month low against the euro after April pay data

Sterling pulled away from five-month lows against the euro today after UK wages in the three months to April rose faster than expected.

The pound has been on the backfoot in recent weeks as investors sit on the sidelines while the contest to succeed Theresa May as leader of the Conservative party and country heats up.

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