Business News

From a €4bn ‘super fund’ to the PUP Christmas bonus: Everything we know about Budget 2021 so far

13th October 2020

Tomorrow the Government will reveal details of the Budget 2021. Here’s everything we know so far… ■ Between €4bn and €5bn for a ‘super fund’ to deal with the twin-threat posed by Covid-19 and Brexit is being discussed. It is unclear whether the planned National Recovery Fund will form part of this or is separate. ■ […]

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PUP may be extended beyond April but at a level affordable over long term: Humphreys

12th October 2020

The Pandemic Unemployment Payment (PUP) may be extended beyond its end date of next April, Social Protection Minister Heather Humphreys has suggested. Speaking in the Dáil, she said: “Nobody can predict the trajectory of the virus and it may well be that the payment will be needed beyond next April which is all the more […]

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Eurozone facing ‘tougher’ time, says ECB chief economist Lane

12th October 2020

The Eurozone economy is facing a “tougher” period than in spring as the pandemic continues to heap pressure on members, according to former Central Bank of Ireland governor Philip Lane, now chief economist with the European Central Bank (ECB). But Mr Lane has insisted in an interview with the Wall Street Journal that the ECB […]

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Lower than forecast budget deficit of €21bn expected this year

12th October 2020

The Government expects to run a budget deficit this year of just over €21bn or 6% of GDP.  This figure is lower than forecast, largely due to stronger tax receipts running 15% ahead of expectations.  The figures are contained in the White Paper, which lays out the public finances ahead of any decisions that may […]

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Lower than forecast budget deficit of €21bn expected this year

12th October 2020

The Government expects to run a budget deficit this year of just over €21bn or 6% of GDP.  This figure is lower than forecast, largely due to stronger tax receipts running 15% ahead of expectations.  The figures are contained in the White Paper, which lays out the public finances ahead of any decisions that may […]

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First broadband plan community connection points open

9th October 2020

The first 50 of 300 community Broadband Connection Points (BCPs), that are being rolled out as part of the National Broadband Plan (NBP) have been connected. BCPs are public locations which have been selected to receive free high-speed connectivity in the first year of the NBP, to provide broadband to communities that don’t have it, […]

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Core budget spending to rise by €3 billion in 2021 – McGrath

9th October 2020

The Minister for Public Expenditure and Reform has said that without accounting for policy measures in key areas, such as health and housing, the Budget estimates for next year will include an increase of approximately €3 billion in core expenditure. A further €9bn roughly will be needed for Covid related spending, Michael McGrath said, although […]

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Core budget spending to rise by €3 billion in 2021 – McGrath

9th October 2020

The Minister for Public Expenditure and Reform has said that without accounting for policy measures in key areas, such as health and housing, the Budget estimates for next year will include an increase of approximately €3 billion in core expenditure. A further €9bn roughly will be needed for Covid related spending, Michael McGrath said, although […]

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UK economy grows by 2.1% in August, lower than expected

9th October 2020

The UK economy grew much more slowly than expected in August, setting back its recovery from the coronavirus lockdown. Much of what growth recorded in August was down to a one-off government restaurant subsidy programme, official data showed today.  UK gross domestic product rose by 2.1% from July, its slowest month-on-month increase since the economy […]

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UK economy grows by 2.1% in August, lower than expected

9th October 2020

The UK economy grew much more slowly than expected in August, setting back its recovery from the coronavirus lockdown. Much of what growth recorded in August was down to a one-off government restaurant subsidy programme, official data showed today.  UK gross domestic product rose by 2.1% from July, its slowest month-on-month increase since the economy […]

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