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The Government will outline the size of the financial package for October’s budget later today, when it publishes the Summer Economic Statement. The document sets out the Government’s medium-term budgetary strategy and the fiscal parameters around which Budget 2025 discussions between ministers will take place. It will give details of the size of any overall […]
Read More… from Summer Economic Statement to outline size of Budget 2025
Total construction activity fell for the second month in a row in June, new data shows. BNP Paribas Real Estate Total Construction PMI index fell to 47.5, from 49.8 in May. The report suggests that a fall in commercial activity was a key factor behind the latest reduction in total activity. “Commercial activity surged through […]
Read More… from Total construction activity falls for second month in a row
Investor morale in the euro zone broke an eight-month streak of improvements with a bigger-than-expected decline in July, a survey showed today, describing the results as a “bitter setback”. Sentix’s index for the euro zone fell to -7.3 points for July from 0.3 in June, putting the barometer firmly back in the red. Analysts polled […]
Read More… from Euro zone investor morale drops, breaking streak of gains in “setback”
Asking prices for homes across the country rose at the fastest rate in almost two years in the 12 months to the end of June, new data shows. According to the MyHome.ie Property Price Report, advertised prices nationally were up 7.3% with the median asking price reaching €365,000. The last time the annual inflation rate […]
Read More… from Asking prices for homes rising at fastest rate in almost two years
The Governor of the Central Bank has urged the Government to stick to its own rule limiting the overall annual increase in spending to 5% in the upcoming budget. Gabriel Makhlouf also advised the new Minister for Finance, Jack Chambers, that it will be necessary to strike the right balance to avoid the risks of […]
Some European Central Bank policymakers felt uneasy about recent inflation developments when they cut interest rates last month and feared that any further delay in reaching the target would be costly, the accounts of their June 5-6 meeting showed today. The ECB cut interest rates at that meeting and signalled that more easing is likely […]
Read More… from ECB accounts show some worries about stalling disinflation
The Taoiseach has told the banks he wants people to feel the benefits of reduced monthly mortgage repayments as quickly as possible as interest rates begin to fall. Simon Harris has now concluded a series of meetings with banks, credit unions and non-bank lenders. The meetings focused on mortgage interest rates, the housing sector and […]
Read More… from Harris meets banks over mortgage interest rates
Budget 2025 is to be brought forward one week to Tuesday 1 October, Minister for Finance Jack Chambers has said. Speaking on RTÉ’s Morning Ireland, Mr Chambers said it was the “natural date” to hold the Budget due to ministerial commitments in Europe the following week. “We’ve to submit our fiscal and budgetary submission to […]
Read More… from Budget 2025 to be brought forward to 1 October – Chambers
The State took in a total of €44.7 billion in tax in the first six months of the year, up more than 9% on the same period last year, the latest exchequer returns show. The strong performance was driven in particular by corporation tax, income tax and VAT and contributed to an exchequer surplus of […]
Read More… from Tax take for first half of year up 9%, exchequer figures show
The Government has given the go-ahead for the drafting of legislation to complete the dissolution of the National Asset Management Agency (NAMA) and the winding up of the Irish Bank Resolution Corporation (IBRC). When enacted, the laws will facilitate the planned ending of the liquidation of IBRC by the end of this year and the […]
Read More… from Govt to draft law to dissolve NAMA and wind up IBRC
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