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Revenue fixes problems with online tax return form

24th July 2024

Revenue has told accountants and self-assessed taxpayers that it has fixed problems with its online tax return form that were creating difficulties for those filing, but that it will be another week before others are resolved. Chartered Accountants Ireland (CAI) has told members that Revenue has notified it that an issue regarding the 3% USC…

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Grocery price inflation edges up in July after 15 months of falls

24th July 2024

Grocery inflation in the 12 weeks to July 7 saw a marginal gain after falling for 15 months in a row, new figures from Kantar show today. Grocery inflation now stands at 2.6%, a small increase of 0.14 points over the last month but down 11.8 points compared to the same time last year. Kantar…

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ECB’s de Guindos says new data to help reassess monetary policy stance in September

24th July 2024

European Central Bank vice-president Luis de Guindos hinted at a possible interest rate cut in September, singling out the ECB’s new projections as the “most important” factor in determining whether inflation is falling back to target. The ECB left rates on hold last week but President Christine Lagarde said its next meeting in September was…

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ISIF announces €229m of investments to accelerate delivery of new homes

23rd July 2024

The Ireland Strategic Investment Fund (ISIF), part of the National Treasury Management Agency (NTMA) has announced the completion of four investment commitments totalling €229m aimed at accelerating the delivery of new homes in Ireland. The new homes will be delivered for a mix of owner-occupiers, renters, students and people who need social housing. The four…

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ECB’s Villeroy says market expectations for future ECB rate cuts ‘reasonable’

23rd July 2024

Market expectations for the path of future interest rate cuts by the European Central Bank are “rather reasonable,” ECB policymaker Francois Villeroy de Galhau said in an interview on French radio BFM Business today. The ECB kept interest rates unchanged yesterday, as expected, but said September’s meeting was “wide open”. “Market expectations for the path…

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Job vacancies steadied in second quarter of year

23rd July 2024

The number of job vacancies remained unchanged in the second quarter of 2024, the first time in two years there was no quarterly decline in vacancies. Hiring platform IrishJobs has today published its Jobs Index for the last three months which it said showed signs of a positive trajectory in the jobs market amid steadier…

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Flights delayed and airports impacted by tech outages

20th July 2024

Airports and airlines across Europe are experiencing technical issues as media companies, banks and telecom firms around the world also reported that system outages were disrupting their operations. Amsterdam’s Schiphol Airport, one of Europe’s busiest hubs, is also being affected by a cyber outage, a spokesperson confirmed. “The outage has an impact on flights flying…

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Over one million domestic holidays taken last year, up 8%

20th July 2024

The domestic tourism market grew strongly in 2023 with over 14.3 million trips taken by Irish holidaymakers which generated €3.1 billion for the economy. New figures from Fáilte Ireland show over one million extra domestic holidays were taken by Irish people in 2023, an annual increase of 8%. Related expenditure was also up by 6.5%…

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ECB keeps rates unchanged, offers no guidance on next move

20th July 2024

The European Central Bank kept interest rates unchanged as expected today, with its president Christine Lagarde saying a move in September was “wide open”. The ECB cut rates from record highs last month in a move that even some of its policymakers considered rushed after progress on lowering inflation to its 2% target stalled. With…

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ECB not expected to cut interest rates any further today

19th July 2024

The Governing Council of the European Central Bank (ECB) is expected to leave interest rates unchanged when it meets later today. The likely pause follows the decision to cut rates by 0.25% at the last meeting of the bank’s chiefs in June, the first reduction since 2019. That brought the key deposit rate back down…

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