Archive for April 2021
Over 70% of people don’t talk about their finances, BoI survey reveals
Over 70% of people don’t talk about their finances at all or will only do so if they have to, according to research by Bank of Ireland. The survey of 1,000 people asked people to rank their level of comfort or discomfort when discussing a series of issues. It found that finance is on a…
Read MoreMandatory vaccination – a thorny issue for employers
From the United States to Israel, from Australia to Ireland – most agree that a rapid rollout of the Covid-19 vaccination is the key to reopening the economy. But already, employers, unions and lawyers are grappling with thorny issues around vaccination – including what happens when an employee does not want to get vaccinated. Publican…
Read MoreWarning over ‘eye-watering’ levels of youth unemployment
The National Youth Council of Ireland has described as “eye-watering” the high level of unemployment among young people and warned of a social and economic crisis if they are not able to get a foot on the jobs ladder. Speaking on RTÉ’s This Week programme, James Doorley, Deputy director of the National Youth Council, said six…
Read MoreCovid spending to reach €28 billion by end of 2021 – McGrath
The total cost of direct Covid-19 related spending to the state across 2020 and 2021 is estimated to reach €28 billion by the end of this year, the Minister for Public Expenditure and Reform has said. Addressing the Institute of International and European Affairs this morning, Michael McGrath also said the deficit for this year is…
Read MoreOnline credit and debit card fraud rises 21%, BPFI warns
Irish consumers lost over €12 million through debit and credit card scams in the first half of last year, according to new figures published by the Banking & Payments Federation Ireland (BPFI). The data shows that online card fraud was up 21% in the first six months of 2020, reflecting the boost in online shopping…
Read MoreCentral Bank revises upwards economic growth forecast
The Central Bank has revised upwards its forecast for economic growth in the economy this year in its latest quarterly bulletin. It says longer pandemic restrictions have slowed the domestic economy but this will be offset by greater demand for exports. It predicts that when measured by gross domestic product, the economy will grow by…
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