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North ‘will be able to match corporation tax in South’

NORTHERN Ireland looks set to be handed the power to slash corporation tax which will help it better compete with the Republic for inward investment. The corporation tax rate in the North is 20pc, compared with 12.5pc in the Republic. […]

France cuts growth forecasts for 2014 and 2015

France today cut its growth forecasts for both this year and next and said it would miss its public deficit target this year. It urged its European peers and their central bank to take steps to boost faltering growth and […]

Wages to rise as recovery takes hold

In its latest assessment of the economy, it claimed the coming year would bring further increases in average earnings following years of pay restraint, with total wage packets being pushed up on average 0.5pc this year and 1pc in 2015. […]

German economy contracts unexpectedly in second quarter

The data, combined with weakness in other large countries like Italy, is likely to raise new doubts about the recovery in the euro zone, which is struggling to emerge from the deep financial crisis that nearly tore it apart. Germany’s […]

Positivity hits five-year high despite concerns over hiring costs

Spending Is on the rise and companies believe the 
availability of credit from all sources Is improving, according to the latest Deloitte CFO survey. But despite the positivity, the men and women who control the finances of some of Ireland’s […]

Bailout loan can be repaid early, says IMF

Finance Minister Michael Noonan has said taxpayers could save up to €375m per year if the State was able to pay off a share of the IMF portion of the €67.5bn bailout. But unless there is agreement from Europe, repaying […]

Davy Stockbrokers calls for small budget 2015 adjustment of €500m

The broker said that Ireland is growing at an “exceptionally rapid pace” and is the fastest growing 
in Europe The broker has also said the unemployment rate will fall to 9.6pc next year, it is currently just above 11pc. The […]

UK less likely to hike interest rates early as economists see slack in economy

A majority of 67pc of respondents said there’s still enough slack in the British economy to justify holding the key rate at 0.5pc, where it’s been since March 2009. The BOE has put spare capacity at about 1pc to 1.5pc […]

Noonan’s officials: we will have say at ECB

And the Department of Finance points out that larger countries, including Germany and France, will also lose their permanent votes. From January 1 next year, all members of the eurozone will get rotating votes at ECB Governing Council meetings. Fine […]

Irish businesses under siege as crime costs employers €1.5bn every year

The results of the small employers’ group National Crime Survey found that crime cost businesses €1.5bn last year and owners were losing faith in the judiciary in the fight against crime. The survey found that the direct costs of crime […]

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