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The European Central Bank has cut interest rates for the third time this year, saying inflation in the euro zone was increasingly under control while the outlook for the wider economy was worsening. The first back-to-back rate cut in 13 years marks a shift in focus for the euro zone’s central bank from bringing down…

The European Central Bank (ECB) is widely expected to cut interest rates today. If a reduction happens it would automatically benefit tracker mortgage customers and put downwards pressure on variable rates. The ECB had increased rates in an effort to reduce inflation two years ago. But latest figures show the rise in the cost of…

The Approved Housing Body sector has seen huge growth over the past ten years, the CEO of the Irish Council for Social Housing has said. Donal McManus said that the AHB sector has been “a key player in a State-wide social and affordable housing recovery.” The ICSH, which represents more than 270 member organisations, is…

Debt is an inevitable part of running a business. From financing growth to managing cash flow during tough times, borrowing can be a strategic move. However, if not managed effectively, debt can quickly spiral out of control, threatening the very stability of your business. Understanding how to balance debt with financial stability is crucial for…

Minister for Public Expenditure Paschal Donohoe has announced additional spending of €1bn above the figures published on Budget Day. The extra expenditure contained in the supplementary estimates relates to the Departments of Housing, Social Protection and Education for 2024. The measures were agreed at a Cabinet meeting today. Other additional spending had been announced earlier.…

The Government has submitted a five year economic plan to the EU setting out its spending projections as part of a process of much greater oversight of Ireland’s budgets. The Medium Term Fiscal and Structural Plan says each EU Government “will commit to a binding fiscal path as well as to a set of public…

Economists expect inflation rates to stay above the European Central Bank’s 2% target in the medium term, according to a survey published by Germany’s Ifo institute today, a day before the central bank holds its next monetary policy meeting. In the euro zone, economists expect inflation to reach 2.6% this year, according to the quarterly…

As hybrid work models become a mainstay in modern business operations, the shift towards employees working part-time from home and part-time in the office introduces new tax challenges. For Irish business owners, navigating the tax implications of these arrangements is critical to maintaining compliance with Revenue guidelines while optimising financial planning. In this article from…

Ireland’s pension system ranking has dropped to 18th place when compared with global peers, a new report shows. The Mercer CFA Institute Global Pension Index compares 48 retirement income systems, covering 65% of the world’s population. The Netherlands’ retirement income system retained the top spot on the list, with Iceland and Denmark remaining in second…

The Minister for Finance will seek Cabinet approval for a strategy that will make it a requirement for all Government departments and State bodies to accept cash or facilitate cash payments. Jack Chambers will tell Cabinet colleagues that cash remains the preferred form of payment for many people in society, particularly older people, and it…