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Bill to ban employers from using tips for workers’ pay

Bill to ban employers from using tips for workers’ pay

The Government is preparing legislation that would ban employers in the service industry from using tips to help pay workers’ wages and require businesses to display their policies on tipping.

It follows criticism of some businesses that were not allowing staff to take home the full amount of tips they had received during a shift.

Minister for Employment and Social …

Major Irish firms claim significant progress on carbon reduction target

Major Irish firms claim significant progress on carbon reduction target

A new report claims that 47 major Irish firms have already made significant progress in meeting a carbon reduction target initially set for 2030.

The pledge was made as part of the Business in the Community Ireland group – and sees the likes of Diageo, Musgraves and Ornua aim to cut their carbon intensity by 50% by 2030.

According to …

Ireland will be worst-hit by US tariffs, says IMF

Ireland will be worst-hit by US tariffs, says IMF

The Irish economy will be hit three times harder than Germany and worse than any other developed nation if the US imposes a blanket trade tariff, the IMF has warned.

A new study from the International Monetary Fund (IMF) put Ireland top of a list of countries that will be worst hit by US tariffs.

The study models the impact of …

3.3% rise in goods handled – in and out – of Irish ports

3.3% rise in goods handled – in and out – of Irish ports

New figures from the Central Statistics Office reveal that Irish ports handled 55.1 million tonnes of goods last year, an increase of 3.3% on the previous year.

Total goods forwarded from Irish ports amounted to 18 million tonnes, a slight increase of 0.8% when compared with the previous year.

A total of 37.1 million tonnes …

Fiscal Council issues warning over Government’s budget plans

Fiscal Council issues warning over Government’s budget plans

The Government will have just €600 million to either increase spending or reduce taxes in October’s budget once existing commitments are taken into account, the State’s independent finance watchdog says.

According to the Irish Fiscal Advisory Council (IFAC), if the Government sticks to its plans, a total of €2.8bn in additional measures could be included in the budget, although €2.2bn of those …

Average annual earnings rise by 3.3% to €38,871 in 2018

Average annual earnings rise by 3.3% to €38,871 in 2018

Average annual earnings increased by 3.3% to €38,871 in 2018 from €37,637 in 2017, new figures from the Central Statistics Office show.

The CSO said this compares to an annual increase of 1.9% in 2017 from €36,933 in 2016.

Today’s figures show that average annual earnings for full-time employees last year rose by 2.6% to €47,596 while the …

Sterling bounces off five-month low against the euro after April pay data

Sterling bounces off five-month low against the euro after April pay data

Sterling pulled away from five-month lows against the euro today after UK wages in the three months to April rose faster than expected.

The pound has been on the backfoot in recent weeks as investors sit on the sidelines while the contest to succeed Theresa May as leader of the Conservative party and country heats up.

Hoteliers call for urgent action on ‘unsustainable’ insurance costs

Hoteliers call for urgent action on ‘unsustainable’ insurance costs

62% of hoteliers have seen further increases in their insurance costs over the last 12 months, according to the Irish Hotels Federation.

The Irish Hotels Federation said its research shows the average increase in premiums was 28%, with the latest hike coming after substantial increases in recent years.

It also said that about 90% of hotels and guesthouses say they are …

Construction activity growth eases to four-month low in May

Construction activity growth eases to four-month low in May

Activity in the construction sector eased to a four month low in May, according to the latest Purchasing Managers’ Index from Ulster Bank.

The Ulster Bank Construction PMI fell to 54.9 in May, down from a reading of 56.6 in April.

But despite the slowdown, the construction industry has marked more than five and a half years of continual expansion.

New car sales slow again in May – CSO

New car sales slow again in May – CSO

The number of new private cars licensed for the first time fell again in May as imports continued to rise, new figures from the Central Statistics Office show.

A total of 9,126 new private cars were licensed in May, down 2.5% from the 9,362 registered the same time last year.

Meanwhile, the number of used, or imported, cars licensed increased …

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