Syndicated

Eight things to know about the pay-rise plan for public sector workers

Public sector workers will benefit from changes to austerity-era cost-cutting measures as pay rises are on the way.

Pay hikes worth €3,300 are on the way for more than 60,000 workers – but it may not be enough to avoid strikes.

Here’s everything you need to know.

What is the problem with recruits’ pay? The Government brought in a so-called ‘yellow pack’ two-tier pay system during the recession in a …

Tax advisers demand urgent SME action

Tax advisers have written to Finance Minister Paschal Donohoe claiming tax law is in need of “urgent reform” in order to support the SME sector through Brexit.

Umbrella group the Consultative Committee of Accountancy Bodies – Ireland (CCAB-I) highlighted how changes to the Employment Investment and Incentive (EII) scheme have had “a substantially negative impact on funding for startups and established SMEs”.

A public consultation was conducted on the topic …

Central Bank’s arrears figure ‘overstated by a huge amount’

The Central Bank has been producing data that “grossly” overstates mortgage arrears, calling into question a raft of home repossessions.

Statisticians in the bank have admitted there is a problem, and are set to change how they calculate missed payments.

They have been accused of producing “grossly exaggerated” mortgage arrears figures.

It means that the official figures overstate the amounts of money people actually owe.

The issue stems from the …

Credit unions to pay refunds after miscalculating interest on loans

More than 150 credit unions have to carry out an expensive trawl of their loan books after it emerged thousands of members have been overcharged on loans.

The overcharging amounts are small, but the Central Bank has ordered credit unions to provide information on how they deal with accrued interest on top-up loans.

Average overcharged amounts are only €12 per loan, but the revelation is set to be an embarrassment …

More females required to meet construction demand – CIF

Increasing numbers of female construction workers is key to solving Ireland’s housing and infrastructure crises.

This is according to the Construction Industry Federation (CIF).

Ahead of the launch of its first ‘Diversity and Inclusion Guidance’ document for the construction sector, aimed at addressing gender imbalance in the industry, key construction leaders said that more female workers are key to meeting the current demand for skills, and to deliver Ireland’s urgent …

UK warns there will be no Brexit deal unless EU softens on Irish border

Britain will leave the European Union without a deal unless the bloc’s leaders soften their position on the Irish border, Transport Secretary Chris Grayling told the BBC.

EU leaders abruptly cautioned May on Thursday that unless she gave ground on trade and the Irish border by November they are ready to cope with Britain crashing out.

“At the moment what the European Union is asking in and around Northern Ireland …

WATCH: Is this the most powerful iPhone ever? A review of the Xs and Xs Max

Apple says that it’s the most powerful iPhone ever. But with its new 6.5-inch display, it looks like nothing can stop the iPhone Xs Max from becoming even more of a substitute for your television and your camera.

There are three main takeaways I’m left with after my first week with the iPhone Xs and iPhone Xs Max.

The first is raw power. The second is that transformative screen. And …

Dublin Airport on course for 30 million passengers

Dublin Airport was the 14th-busiest in Europe during July, handling more than 3.3 million passengers.

In the year to July, Dublin Airport was also the 14-busiest, with 18 million people passing through the gateway. London Heathrow was the busiest, with 45.9 million passengers, according to new data from Airports Council International (ACI).

In the year to August, Dublin Airport saw 21.2 million passengers using the facility – 6pc more than …

Families face being nearly €200 worse off after Budget in spite of income tax cut

Households face being up to €190 worse off after the Budget as income tax cuts could be wiped out by increases in other charges and levies.

The Budget is likely to see an increase in the amount of money people can earn before they hit the top rate of income tax, but this could be cancelled out by a rise in PRSI and higher carbon taxes.

Householders could be between …

Technology giants face payouts to media firms in EU copyright battle

Technology firms such as Facebook would have to share more of their revenue with the publishers of content used online under a shake-up of copyright rules.

The European Parliament has backed a law that would help media, video, music and other rights holders seek compensation for use of their content online.

It was hailed as a win for the media industry which has suffered a dramatic loss of revenue to …

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