News

Indoor dining could resume under self-regulated system, hospitality sector told

6th July 2021

Hospitality representatives were told today that indoor dining could reopen for 1.8 million fully vaccinated people with a self-regulated vaccine pass system. A document or email proving vaccination against Covid-19 could be used to secure entry to indoor hospitality. A letter will shortly be issued to fully vaccinated people ahead of the return of non-essential…

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Workplace deaths rose 13% last year, says HSA

6th July 2021

New figures from the Health and Safety Authority (HSA) show that the number of people who died in work-related incidents last year rose 13% to 53, despite many workplaces being closed for long spells due to Covid-19 restrictions. However, there was also a substantial decline in the number of non-fatal incidents reported to the authority,…

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Government to begin talks with hospitality on indoor dining

5th July 2021

Talks between the hospitality industry and Government representatives to find a way of allowing indoor hospitality to resume will get under way later. Indoor drinking and dining in pubs and restaurants had been due to recommence today, as part of the next phase of easing restrictions. The Government decided last week to delay resuming indoor…

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Services growth hits five year high, but cost pressures mount

5th July 2021

Growth in activity in the services sector increased further in June but cost pressures continued to intensify for firms with input price inflation hitting its highest level since 2008, a survey reveals today. AIB’s IHS Markit Purchasing Managers’ Index (PMI) rose to 63.1 from 62.1 in May, the highest level in more than five years.…

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Is Ireland’s 12.5% Corporation tax rate toast?

5th July 2021

Thursday saw the OECD forge a landmark deal to reform the global corporation tax system. Brokered among 130 countries and jurisdictions, the accord aims to modernise and stabilise what’s seen as an outdated and divisive means of calculating and collecting what large multinationals owe and pay in tax. But Ireland isn’t on board as yet,…

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Ireland not among 130 countries to back global corporation tax reform deal

2nd July 2021

The Organisation for Cooperation and Development (OECD) has said that 130 countries and jurisdictions have signed up to a plan that will bring sweeping new reforms to global corporation tax rules. However, Ireland is not on the list of signatories to the proposals. Under the plan, countries will be able to tax the profits of…

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Donohoe to oversee review of banking sector

2nd July 2021

The Minister for Finance has told the Dáil that he will oversee “a broad-ranging review” of the banking sector. Paschal Donohoe said the review will consider “possible gaps in terms of competition and consumer choice”, “assess the availability of credit to SMEs … and consider options to further develop the mortgage market.” It wil also…

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Ibec warns reopening delay could damage wider economic recovery

2nd July 2021

The chief executive of the employers’ group Ibec has warned that a lack of clarity on plans for a further reopening of the economy could materially impact the economic recovery. Danny McCoy also called for certainty for the hospitality sector and the broader business community. “We are very concerned for the many businesses and people…

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Central Bank says time for ‘credible’ plan for public finances

1st July 2021

The Central Bank has upgraded its forecasts for growth in the economy in its latest quarterly bulletin. It has also said that any decision to permanently increase spending in upcoming budgets will have to balanced by new taxes or reduced spending in other areas. This, it says, will involve “trade offs” and choices as “structural…

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Demand for new homes has never been stronger – Cairn Homes

1st July 2021

Homebuilder Cairn has reported revenues of €131m for the first half of this year after it closed 403 new home sales. In a trading update for the six months to the end of June, it said this compared to €81m from 207 closed sales the same time last year. Cairn Homes said that 16 active…

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