Posts by splash

The number of insolvencies here was 25% higher in the first six months of the year than it was in the same period of 2023, according to two new reports. However, when compared to the first three months of the year, the number of insolvencies between April and June is down 15%. According to data…

Workers in Ireland should see their incomes rise in real terms both this year and next, due to falling inflation and ongoing increases in wages. The Economic and Social Research Institute is forecasting that on average earnings should rise by more than 4% this year and closer to 5% next year. But this will be…

14% of companies are using artificial intelligence to evaluate job applications, new data shows. This includes scanning CVs or scoring job candidates to help filter and identify the most suitable candidates based on the job description. The research carried out by recruitment firm Hays Ireland shows that 80% of candidates want to be informed when…

Minister for Finance Michael McGrath has been nominated as Ireland’s next European Commissioner. The move was agreed by Government party leaders last night before being formally approved by a meeting of the Cabinet this morning, when Taoiseach Simon Harris presented the nomination to the Government. Mr McGrath has thanked his Cabinet colleagues, saying it was…

The new Minister of Finance Jack Chambers will be formally appointed this afternoon. The Dublin West TD will succeed Michael McGrath, who has been nominated as Ireland’s next European Commissioner. The elevation of Mr Chambers to one of the top posts in Government will take place in the Dáil later. After a vote, he will…

New figures from Kantar show that grocery inflation stood at 2.5% in the 12 weeks to June 9 – the lowest level of grocery inflation since March 2022 and down from 2.6% in May. Kantar said the slowing inflation rate offers shoppers something of a lifeline in terms of lower prices, but consumers remain on…

The Health and Safety Authority carried out almost 10,000 proactive workplace inspections last year, according to the authority’s annual report. The HSA conducted 83 investigations into fatal accidents, of which 43 were deemed work-related. Of the 43 work-related fatalities reported, the majority occurred in agriculture, which accounted for 20 deaths, and construction, which accounted for…

Annual Government spending that is dependent on age will be €16bn higher by 2050 than it is today because of Ireland’s ageing population, new research has found. The analysis, conducted by the Department of Finance, found by the middle of the decade, annual age-related expenditure will have risen from 22% of Modified Gross National Income…