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EU ‘won’t let Ireland be singled out’ in NI Protocol row

Ireland’s EU Commissioner has said Europe will not allow Ireland to be singled out in the fallout if negotiations on the Northern Ireland Protocol end in failure. Mairead McGuinness was commenting on the potential for the country to be disproportionately affected if there is a breakdown of the Brexit trading arrangement designed to prevent a…

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Concerns about productivity drop with hybrid working

One in four employers say they are concerned about a possible decline in productivity as they move to a hybrid working model. The finding is contained in a survey of 160 businesses here carried out by professional services firm Aon. About 60% of the businesses said they were unclear as to whether the complexity of…

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Will inflation change the facts after Budget 2022?

In the run up to the Budget, the Government’s plans had been characterised as potentially “risky” and at the limit of what could be considered “prudent” by the Irish Fiscal Advisory Council. But on Budget night, according to IFAC, the Government had put the economy on “a more prudent path”. What fiscal miracle had occurred?…

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Brexit Impact Loan Scheme opens for applications

The Brexit Impact Loan Scheme, which is designed to help SMEs, farmers and fishers respond to the impact of Brexit has opened for applications today. The €330m scheme is the successor to the Brexit Loan Scheme, and is open to businesses in the primary agriculture and seafood sectors. The scheme provides low cost loans of…

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Personal injury awards down 40% due to new guidelines, report finds

The value of average awards for personal injuries made by the Personal Injuries Assessment Board (PIAB) has fallen by 40% from last year’s levels, following the introduction of new Judicial Council guidelines in April. New research by PIAB shows that between 27 April and the end of September, average awards dropped from €23,877 to €14,233.…

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Budget to compensate most households for price growth – ESRI

The Economic and Social Research Institute (ESRI) has said Budget 2022 will on average compensate most households for price growth forecast for next year. In its post-Budget analysis to be presented today, the ESRI said above inflation increases to core social welfare payments as well as supplemental payments for dependents and those living alone are…

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No guarantee that 22 October reopening will go as planned – Taoiseach

The Taoiseach has said he cannot guarantee that the 22 October phase of reopening will proceed as planned. Micheál Martin’s comments come as the Department of Health has been notified of 2,066 new coronavirus cases. He said a decision will be made early next week. Mr Martin said a presentation from Deputy Chief Medical Officer…

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EU proposal provides a ‘sensible solution’ – O’Neill

The latest EU proposal to address problems of post-Brexit trade in Northern Ireland provides a “sensible solution” and a bespoke arrangement which can provide a way forward, Northern Ireland’s Deputy First Minister Michelle O’Neill has said. On RTÉ’s Morning Ireland the Sinn Féin vice president said the announcement has been “warmly welcomed” by the business…

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Budget 2022 puts economy on ‘prudent path’ – IFAC

The Irish Fiscal Advisory Council (IFAC) said the Government has put the economy on a more “prudent path” after Budget 2022. IFAC said that in following its spending rule “even as revenues have surprised on the upside, the Government has the economy on a more prudent path that will reduce borrowing and the debt ratio…

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