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Economy

European Central Bank surprise interest rates update after 10 straight increases
Economy
Interest rates were left unchanged for the first time in more than a year after 10 straight increases since July 2022
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Have your say on VAT and fuel excise duties increases that will kick in at midnight
Cost of Living
The reduced VAT rate of 9% that has been in place since November 2020 will be returning to 13.5% while excise duties for petrol and diesel are increasing by €0.07 and €0.05 per litre respectively
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Do you still use cash? Have your say as survey shows one in four Dubliners only use card
Your Money
Out of the people in Ireland that do use cash, almost one-third only carry €20 or less
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Bank of Ireland increases fixed mortgage rates for fourth time in a year
Bank of Ireland
It comes as the European Central Bank (ECB) is also expected to hike its rates by 0.25 per cent at next meeting tomorrow
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Price hike on health insurance ‘in weeks’ as public urged to shop around
Insurance
The alert came after Irish Life said it is raising its health cover prices for the second time this year, with experts warning of eventual price increases for other health insurers
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First-time buyers' typical income now over €90,000 when average salaries are less than €50,000, banking review shows
Housing Crisis
Banking sector representatives have warned of an affordability gap for first-time home buyers.
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Finance Minister Michael McGrath says he will not let Fine Gael TDs to ‘bully him’
Fianna Fail
It comes amid reports that tensions are growing in the coalition over perceived “solo runs” from Fine Gael in recent days
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Power prices are expected to remain high for remainder of 2023, research shows
Energy Crisis
While experts are optimistic that the worst of the energy crisis is behind us, long-term energy prices are "still a worry"
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Cost of living Ireland: Money saving warning issued to those swapping oven for air fryer or microwave
Cost of Living
People have switched from using their ovens - but Martin Lewis said people need to think carefully before they do this
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Energy companies explain why bills remain high after wholesale prices fall in latest CSO figures
Energy Crisis
Current wholesale prices still exceed where prices were pre-crisis, a spokesman for SSE Airtricity said
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Dublin's €11 million bid for Euros 2028 agreed by city councillors
Dublin City Council
The competition would bring more than €500 million into the country - most of which would be spent in Dublin
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Housing market 'completely altered' as first quarter prices fall for the first time in decade
Housing Crisis
'The invasion of Ukraine and the associated shift in macroeconomic conditions, especially the rise in inflation and in interest rates, has completely altered conditions in the [housing] market'
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Cost of living: Mortgage bills set to soar by over €1k a year and could cost hundreds more per month
Cost of Living
A homeowner with a €300,000 mortgage over 25 years would have to pay almost €80 more a month from today
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KBC bank closures: All the Dublin branches shutting their doors permanently today
Your Money
The bank has advised customers that if they are having difficulty moving their current account, KBC may be able to extend their notice
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Pensioner's shock bill lets slip that thousands have no effective protection on heating costs
Cost of Living
Karen Butler-Lynch, who lives on disability allowance, and pensioner Anette Manning went to the Commission of Regulation for Utilities, when they got a €815 heating bill for a four week period
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Dublin GAA seeks new sponsor as AIG partnership ends
Dublin GAA
The business company is departing from its second five year partnership with Dublin GAA at the end of the year, worth an estimated value of €1 million
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Ulster Bank: Key dates for customers ahead of closure
Ulster Bank
The phased withdrawal of Ulster Bank from Ireland will end in the coming months as deadlines are confirmed for branch closures
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Google announce 12,000 global job cuts as concern raised for Dublin staff
Google
The announcement comes amid uncertainty in the tech industry with many firms announcing job cuts
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Dublin economy stagnates with businesses 'feeling the pinch'
Dublin City Council
Dublin's economy had grown for eighteen consecutive months as the worst of Covid-19 restrictions lifted, but recorded a decline during the last three months of 2022
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Ulster Bank closures: All the Dublin branches shutting their doors from today
Ulster Bank
A further 13 branches will close next Friday, 13 January with the branches to reopen under Permanent TSB at a later date
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Government 'driving house inflation' as standard Irish home now costs 7.7 times average wage
Housing Crisis
Sinn Fein's housing spokesman claims that red tape is slowing down the delivery of much needed homes
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Universal Basic Income could double Ireland's social welfare bill, report claims
News
Some low-income households may actually be worse off after the introduction of a Universal Basic Income in Ireland
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Recession Ireland: Tech firm Intel offer 'short-term layoffs' to cut costs
Economy
It is unclear how many of the 4,500 staff at the Leixlip plant will have to take up the unpaid leave which is said to last three months
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Four in five Dublin businesses fear power outages this winter
Business
A number of Dublin firms said power cuts would mean a "total inability to function"
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