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Tax receipts in the first three months of the year were up 8.9% on the same time last year. Figures from the Department of Finance show the tax take stood at €21.9 billion at the end of March. This is excluding a payment of €1.7bn which was part of a settlement made by Apple. The…
Read MoreVacant properties and above-the-shop units could provide an answer to the housing crisis, according to the Hardware Association of Ireland. It estimates that there are at least 20,000 vacant units of this type ready for transformation. The association is the representative body for Irish hardware and DIY retailers, builders’ merchants, distributers and manufacturers. It represents…
Read MoreCountries around the world have threatened to wage a trade war with the United States as President Donald Trump’s sweeping tariffs fed expectations for a global downturn and sharp price hikes for swathes of goods in the world’s biggest consumer market. The penalties announced by Mr Trump on Wednesday triggered a plunge in world financial…
Read MoreThe Government’s “working assumption” is that there will be further US tariffs focused on pharmaceuticals, Tánaiste Simon Harris has said. The sector received an exemption from a sweeping 20% tax on EU goods announced by President Donald Trump yesterday. The US President made the announcement in a much-anticipated address from the White House in what he…
Read MoreEuropean Commission President Ursula von der Leyen has said that US President Trump’s universal tariffs are a major blow to the world economy, which she said will suffer massively. Mr Trump unveiled a 10% minimum tariff on most goods imported to the United States – with a higher 20% rate for the European Union –…
Read MoreThe country’s services sector expanded at its fastest pace this year in March, driven by a sharp increase in new business and employment, according to a survey released today. The AIB Ireland Services Business Activity Index rose to 55.3 in March from 53.2 in February, indicating strong growth, AIB reported. A reading above 50 signals…
Read MoreEuropean Commission President Ursula von der Leyen has warned “all options are on the table” in response to US President Donald Trump’s tariffs threats, saying while the EU does not want an economic conflict it has the “power to push back”. Speaking at the European Parliament’s plenary session in Strasbourg, France, in a debate where…
Read MoreNew figures from the Central Statistics Office show that the unemployment rate rose slightly to 4% in March from a record low of 3.9% a month earlier. The jobless rate in February had matched the previous record low recorded between October 2000 and April 2001 in the early days of the ‘Celtic Tiger’ boom. The…
Read MoreThe number of personal injuries claims submitted to the Injuries Resolution Board last year rose by 1% to 20,318 when compared with 2023 – but still remain well below pre-pandemic levels. According to the board’s personal injuries and awards report for 2024, the volume of claims is down by 35% on what was seen in…
Read MoreThe price of gold has been rising on global markets to near record highs. This time last year, gold prices on international markets were trading at below $2,000 (€1,848) per troy ounce. Now they are above $3,000 and predicted to rise further. Gold is often seen as a safer investment when there are political and…
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