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Half of people on Pandemic Unemployment Payment to get €50 increase

HALF of those claiming the pandemic unemployment payment will get a €50 increase in their payment bringing it to €350 a week. A total of 122,000 people will benefit ...

RTÉ to reinstate frozen incremental wage increases

RTÉ is to make immediate arrangements to reinstate previously frozen incremental wage increases to affected staff, after accepting a recommendation of its internal Industrial Relations Tribunal. Earlier today, ...

EU Council chief says UK has choice to make on Brexit

Britain has sovereign choices to make on Brexit and they will determine its future access to the EU’s internal market, European Council President Charles Michel has said. He ...

EU pledges to intensify talks on Brexit and legal texts

Senior European Union officials have said the EU is ready to intensify talks towards a deal on future trade ties with the UK after a meeting to discuss the ...

Urgent need to focus on pension sustainability here – Mercer

Ireland is ranked in 14th place out of 39 countries in the 2020 Mercer Global Pensions Index despite the country’s underlying sustainability issue.  The Netherlands topped the index ...

Retailers disappointed at decision to close all non-essential retail

Retailers have reacted with deep disappointment to the Government’s decision to close all non-essential retail as part of the move to Level 5. Retail Ireland described it as ...

Tánaiste says Govt may review PUP cut plans in January

The Tánaiste has indicated that the Government would review the plan to further reduce the Pandemic Unemployment Payment in January if the country is still in the teeth ...

Sterling falls as EU leaders press for elusive Brexit trade deal

Sterling weakened today as traders worried about the obstacles keeping the European Union and Britain from reaching a Brexit trade deal.  The pound has risen in recent sessions, ...

Johnson to set out position on Brexit negotiations

British Prime Minister Boris Johnson will today set out his position on the future of the Brexit negotiations. Last night, there was a firm message from EU leaders ...

Budget measures could see 35,000 new homes a year – CIF

The supply of new homes here could reach the required 35,000 per annum within years, as a result of initiatives announced in Budget 2021, the Construction Industry Federation ...

What essential retailers can remain open under Level 4?

As Donegal, Cavan and Monaghan move to Level 4 in the Living with Covid-19 framework, business owners, service providers and consumers will be wondering what is allowed to stay open and ...

European leaders gather for two-day summit that will assess EU-UK negotiations

Taoiseach Micheál Martin will join other EU leaders in Brussels this afternoon for a two-day summit in which they will assess the prospects for a breakthrough in the Brexit ...

Domestic growth lagged pre-Covid

Multinational corporations (MNCs) were already outpacing indigenous firms in Ireland before Covid made business conditions more difficult for the domestic sector. Sectors dominated by foreign-owned companies – such ...

Retention and creation of jobs central focus of Budget 2021

Jobs were always going to be centre stage in Budget 2021 – not just creating new ones, but clinging on desperately to the imperiled ones that already exist. ...

Tourism VAT rate cut to 9% from 13.5%

The VAT rate for the hospitality and tourism sector will be cut from 13.5% to 9% with effect from November 1, Minister for Finance Paschal Donohoe has announced. ...

EU summit to say Brexit progress ‘still not sufficient’

European Union leaders meeting in Brussels tomorrow and on Friday to discuss Brexit will say that progress in talks with Britain is “still not sufficient” to seal a ...

Sterling holds above $1.30 ahead of new lockdown measures

Sterling edged lower against the dollar today, with British Prime Minister Boris Johnson expected to announce new restrictions as the Covid-19 outbreak accelerates, but hopes for a Brexit ...

From a €4bn ‘super fund’ to the PUP Christmas bonus: Everything we know about Budget 2021 so far

Tomorrow the Government will reveal details of the Budget 2021. Here’s everything we know so far… ■ Between €4bn and €5bn for a ‘super fund’ to deal with the ...

PUP may be extended beyond April but at a level affordable over long term: Humphreys

The Pandemic Unemployment Payment (PUP) may be extended beyond its end date of next April, Social Protection Minister Heather Humphreys has suggested. Speaking in the Dáil, she said: ...

Eurozone facing ‘tougher’ time, says ECB chief economist Lane

The Eurozone economy is facing a “tougher” period than in spring as the pandemic continues to heap pressure on members, according to former Central Bank of Ireland governor ...

Lower than forecast budget deficit of €21bn expected this year

The Government expects to run a budget deficit this year of just over €21bn or 6% of GDP.  This figure is lower than forecast, largely due to stronger ...

First broadband plan community connection points open

The first 50 of 300 community Broadband Connection Points (BCPs), that are being rolled out as part of the National Broadband Plan (NBP) have been connected. BCPs are ...

Core budget spending to rise by €3 billion in 2021 – McGrath

The Minister for Public Expenditure and Reform has said that without accounting for policy measures in key areas, such as health and housing, the Budget estimates for next ...

UK economy grows by 2.1% in August, lower than expected

The UK economy grew much more slowly than expected in August, setting back its recovery from the coronavirus lockdown. Much of what growth recorded in August was down ...

Another full-blown lockdown ‘not inconceivable’ – Minister Ryan

The Minister for Transport Eamon Ryan has warned that another full-blown lockdown is “not inconceivable”, and that allocating further supports for the aviation sector will involve hard choices ...

Reduced construction activity hits Govt’s social housing targets

The Government has admitted that its supply of social housing is only 35% of target due to the reduction in construction during Covid-19 restrictions. Opposition parties have described ...

Varadkar urges all 225,000 companies to be Brexit ready

Tánaiste and Minister for Enterprise, Trade and Employment Leo Varadkar is writing to every business in Ireland urging them to prepare for the change in relationship between Britain ...

Government approves 10c an hour minimum wage increase

The Government has approved an increase in the National Minimum Wage of 10 cent an hour, which will bring  it to €10.20 per hour from 1 January.  The move is set ...

Revenue brings forward payment date for EWSS

Revenue has brought forward the date of payment for Employment Wage Subsidy Scheme supports to eligible employers.  EWSS payments in respect of September payroll submissions, which were due ...

Tourism taskforce urges radical steps to sustain industry

The Tourism Recovery Taskforce has called for radical steps to sustain and revive the industry post-Covid 19 including €120m in grant aid, a loan scheme and staggered school holidays. ...

Euro zone economic recovery in danger as Covid-19 resurgence hits service industries

The euro zone’s economic recovery faltered in September with growing evidence sectors and countries in the bloc are diverging as a resurgence of Covid-19 forces the reimposition of restrictions ...

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