Archive for November 2024
Last year’s tax take jumps by 50% compared to 2020 – CSO
Total tax revenue last year was 50% higher than it was in 2020, new data from the Central Statistics Office shows. €116 billion in taxes and social contributions were collected by the State in 2023, the CSO said, an increase of 5% on a year earlier. The growth was in large part propelled by corporation…
Read MoreResidential property prices up by 10% in September – CSO
Property prices are continuing to accelerate and are up 10% in the 12 months to September, according to the latest figures from the Central Statistics Office. The latest figures show that prices rose by 10.8% in Dublin and 9.4% outside the capital. The median cost of buying a home nationally was €346,000. The lowest prices…
Read MoreEmployment rate hits new record high in third quarter
The rate of employment in the country has increased once again, hitting a new record high, according to the latest Central Statistics Office figures. The Labour Force Survey for the third quarter of the year shows that the estimated employment rate for people aged 15-64 years was 75.3% – the highest rate recorded since the…
Read MoreSustainable Tax Practices: How Green Initiatives Can Benefit Your Bottom Line
As businesses face increasing pressure to reduce their environmental impact, embracing green initiatives is not only good for the planet but also for profitability. At KAAS, we know that sustainable tax practices offer a unique opportunity for businesses to align their environmental goals with financial advantages, making sustainability a key component of long-term success. What…
Read MoreAverage home rebuilding costs climb 6.2% in the last year
The national average cost of rebuilding a home has risen by 6.2% in the last year. That is lower than the 12% increase recorded last year and the 21% seen in 2022. But the new research by the Society of Chartered Surveyors Ireland (SCSI) found that the rate of growth in rebuild costs over the…
Read MoreHealth insurance prices increased by 11% this year
The Health Insurance Authority is urging consumers to review their policy and shop around to ensure they are not overpaying while securing the right coverage for their needs as the health insurance renewals period nears. The HIA said that private health insurance now costs €1,712 on average with price increases of 11% so far this…
Read More‘High’ life satisfaction rate rises from 24% in 2022 to 29% last year – CSO
New research from the Central Statistics Office show that the proportion of people who rate their overall life satisfaction as “high” has increased from 24.4% in 2022 to 28.9% in 2023. A greater proportion of men (32.1%) reported high levels of overall life satisfaction when compared with women (25.9%), the CSO noted. People aged 65…
Read MoreHalloween treats boost grocery sales by over 6%
Consumers spent a total of €1.16 billion in grocery stores in the four weeks to 3 November, making it the biggest sales month of the year so far. New figures from Kantar show that grocery sales jumped 6.4%, boosted by Halloween treats and early Christmas purchases. Grocery inflation stood at 3.3%, down on the same…
Read MoreInterest rate cut next month not yet certain – Makhlouf
The Governor of the Central Bank has said it would be going a bit far to say an ECB interest rate cut next month is in the bag. However, Gabriel Makhlouf also said the evidence would need to be “pretty overwhelming” to consider a 50-basis-point cut at the meeting on 12 December. The Central Bank…
Read MoreUnions call on next government to respect workers’ rights
A group of trade unions will today launch its General Election pledge calling on the next government to respect workers’ rights. The ‘Respect at Work’ campaign is backed by SIPTU, the Financial Services Union (FSU), the Communications Workers’ Union (CWU) and Mandate. The campaign said it is approaching parties and candidates from across the political…
Read More