Business News

Covid-19 higher rate illness benefit ends

30th September 2022

A higher rate of illness benefit for people who miss work due to Covid-19 comes to an end today. The Enhanced Illness Benefit (EIB), paid at €350 per week, was available to workers who were told to self-isolate or restrict their movements by a doctor. If someone receives a Covid-19 diagnosis, or has been advised…

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Euro zone inflation hits record high of 10%, raising pressure on ECB

30th September 2022

Euro zone inflation zoomed past forecasts to hit a fresh record high this month, reinforcing expectations for another jumbo interest rate hike from the European Central Bank in October. Price growth in the 19 countries sharing the euro accelerated to 10% in September from 9.1% a month earlier, data from Eurostat showed on Friday, beating…

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Once-off Budget measures will insulate ‘most households’ – ESRI

30th September 2022

The package of once-off measures announced as part of this week’s Budget will insulate “most households” from higher energy prices this winter, according to the ESRI. The analysis, which will be presented at a post-Budget briefing today, also warns that unless the once-off measures are repeated next year, many low-income households will see real cuts…

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Tánaiste to discuss recommendations on pay, conditions at gender equality committee

29th September 2022

Tánaiste Leo Varadkar is to appear before the Oireachtas Committee on Gender Equality today to discuss the recommendations of the Citizens’ Assembly on Gender Equality regarding pay and workplace conditions. In its report, the Citizens’ Assembly recommended that the State should set targets in legislation to reduce the hourly gender pay gap to 9% by…

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Stocks bounce but sterling slippery after BoE buys bonds

29th September 2022

Asian share markets rose today after Britain’s central bank launched an emergency bond buying programme to stabilise a furious sell-off in gilts, though trade was skittish and sterling remained under pressure. The Bank of England said it will buy as much as £5 billion a day of long-dated government bonds until October 14. It spent…

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Switching activity drives growth in mortgage approvals

29th September 2022

Just over 5,500 mortgages were approved in August, up 5.5% on the previous month and 21.3% compared with the same period last year. New figures from Banking and Payments Federation Ireland show that almost 45% of the mortgages approved were for first-time buyers, while just over 20% were for mover purchasers. In total, the mortgages…

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Xeinadin acquires Wetherby firm Peter Howard & Co

29th September 2022

Xeinadin Group Limited (“Xeinadin” or “the Company”), one of the leading professional services groups in the UK and Ireland, has acquired Peter Howard & Co, a specialist accountancy and taxation firm based in Wetherby. Xeinadin is a group of business advisory and accountancy practices in over 100 locations across the UK and Ireland that provides…

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Budget’s political test will be when big winter bills arrive

28th September 2022

It was, according to the Minister for Public Expenditure, Michael McGrath, a “budget for its times”. The biggest ever giveaway, in pure monetary terms, was necessitated by the emergency period we are living through. Just when things might have been expected to return to normal after a once in a lifetime pandemic, a new crisis…

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Tánaiste ‘does not envisage’ mini-budget next year

28th September 2022

Tánaiste Leo Varadkar has said he does not envisage a mini-budget being implemented next year. Speaking on RTÉ’s Morning Ireland, Mr Varadkar said Budget 2023 is being front-loaded with most of the one-off payments before Christmas, while permanent increases in payments, pensions and welfare will come into effect in the New Year. Two of the…

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At a glance: Here are the key points from Budget 2023

28th September 2022

The Government has pledged to spend billions – but how much of all this extra monetary support will make it into your pocket? With winter looming amid an unprecedented cost of living crisis, now is the time for people to plan their own family budgets for the months and year ahead. Here are some of…

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