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Public servants to be paid by end of day after Bank of Ireland glitch

The issue had a knock-on affect on payments to AIB, Ulster Bank and Permanent TSB accounts although it is not yet known how many people were affected in total, according to Bank of Ireland although it did say that most […]

Burton axes Budget tax bonus for families

Her predecessor, Eamon Gilmore, put a child tax credit on the table as a key Budget demand from the junior coalition partners to ease the burden for hard-pressed taxpayers. Mr Gilmore hoped it would win favour with families across the […]

Thinking through how to run companies

Limited-liability, privately owned joint-stock companies are the core institutions of modern capitalism. These entities are largely responsible for organising the production and distribution of goods and services across the globe. Their role is both cause and consequence of the revolution […]

Banks’ mass asset sell-off could finally break Europe’s lending freeze

A wave of deals could be a boon to the region’s economy if the banks use it to free up capital to increase new lending. Banks across Europe have shunted more businesses, bad loans and spoiled investments into units to […]

London property boom at fever pitch

Londoners have long abandoned the notion that talking house prices is trashy and – with the property market seemingly at bursting point – even the smartest of people are gripped by land fever. Property in the capital caught fire in […]

Bond yields fall on expectations of ECB move

Irish bond yields fell to fresh lows yesterday as global markets rallied on expectations that the European Central Bank had moved a step closer to making billions of euro in asset purchases to jump-start the region’s spluttering economy. The yield […]

Economy set to grow by 3.1pc this year as recovery broadens

Releasing its forecast this morning, Ulster Bank said it expects the country’s gross domestic product (GDP) to rise by 3.1pc in 2014 as the recovery becomes “more broadly based”. It said that this year will mark the first since 2007 […]

We’re working longer hours and are being paid less

But the results vary massively from one industry to another, and especially between the public and private sectors. Average weekly earnings fell to €688.15 by the end of June this year, down from €695.53 a year earlier, according to preliminary […]

Fine Gael junior minister calls for income tax cuts in budget

The income tax taken from pay packets should be reduced in the upcoming Budget, according to Minister of State for Finance Simon Harris. Many Government ministers were conscious that people paid 41 per cent income tax once they earned €32,800 […]

Economy set to grow by 3.1pc this year as recovery broadens

Releasing its forecast this morning, Ulster Bank said it expects the country’s gross domestic product (GDP) to rise by 3.1pc in 2014 as the recovery becomes “more broadly based”. It said that this year will mark the first since 2007 […]

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