Business News

Bailed-out bank Permanent TSB is changing the rules for those with its older current accounts, in a move that will mean thousands of them will end up paying fees. The new terms and conditions will make it harder to qualify for fee-free banking. Customers who do not qualify for free banking will have to pay […]

Ireland’s corporation tax revenues are under threat as an international reform process kicks off in earnest. The Organisation for Economic Co-operation and Development (OECD) is looking to change the way big technology companies are taxed. It has now said it will consider moving to a system where companies will be taxed, at least in part, […]

Ireland’s corporation tax revenues are under threat as an international reform process kicks off in earnest. The Organisation for Economic Co-operation and Development (OECD) is looking to change the way big technology companies are taxed. It has now said it will consider moving to a system where companies will be taxed, at least in part, […]

THERE is no effective protection for vulnerable consumers from the activities of moneylenders, it was claimed. The Oireachtas Finance Committee was told credit unions are struggling to roll out a scheme to compete with moneylenders because the State-designed scheme is loss-making and bureaucratic for them. Just half of credit unions offer the ‘It Makes Sense […]

The illustrator behind the special €2 coin marking the 100 years since the first sitting of the Dáil is establishing his stamp on the SME market. The Central Bank of Ireland will mint one million of these new €2 coins for general circulation, their tiny decorated canvas featuring the words ‘An Chéad Dáil’, as the […]

LEADING mortgage lender Bank of Ireland has cut some of its short-term rates, but also increasing fixed rates for those who want to lock in for five years or more. The bank has cut both the one and two-year fixed rates by 0.10pc to 2.9pc, effective from January 30. This is the first time in […]

More than 50,000 jobs will be lost amid rising food and clothing prices if the UK continues on the path towards a disorderly Brexit. Doomsday predictions on the impact of a no-deal scenario compiled by the Department of Finance suggest the economic impact will be “particularly severe”. The agriculture sector and small businesses who export […]

The total value of new mortgages drawn down last year rose by nearly a fifth compared to the previous year. However, the data released by the Banking and Payments Federation Ireland (BPFI) also shows that the volume of mortgages approved in December fell sharply compared to November. The BPFI Mortgage Drawdowns Report for the fourth […]

The total value of new mortgages drawn down last year rose by nearly a fifth compared to the previous year. However, the data released by the Banking and Payments Federation Ireland (BPFI) also shows that the volume of mortgages approved in December fell sharply compared to November. The BPFI Mortgage Drawdowns Report for the fourth […]

A share option scheme for Irish SMEs launched as part of Budget 2018 has had no uptake and needs to be modified, according to an industry group that lobbied for it last year. The Key Employee Engagement Programme (Keep) is supposed to help small and medium enterprises (SMEs) hold on to talent by granting workers […]