Archive for May 2021

The Department of Social Protection has advised employers facing difficulties in re-hiring staff to contact it so that it can “follow up” with the workers concerned. The advice comes as the latest Department figures reveal that the number of people claiming the Pandemic Unemployment Payment this week has dropped to 376,600. This marked a decrease…

€4.2 billion in capital was pumped into the Irish commercial and residential property market by foreign private finance providers each year between 2017 and 2019, new analysis has found. This represented nearly 78% of the total private funding in each of those years, when around 13,000 residential units were built, the report by Irish Institutional…

Young adults have suffered the worst unemployment and labour market impact from Covid-19, according to the latest research by the Economic and Social Research Institute. The report also found that younger people were experiencing wage stagnation, and that their situation was exacerbated by the high cost of rent. It also notes that adverse labour market…

Minister for Housing Darragh O’Brien has said he will share proposals later this week to prevent first-time buyers competing with large investment funds for houses. He said there would be discussion of the issue at tomorrow’s Cabinet meeting and he may bring an outline of options under consideration, but there will be no decision. Mr…

Tánaiste Leo Varadkar said that today is “a day of freedom” as society partially re-opens and people can travel freely anywhere on the island of Ireland. Mr Varadkar said that 12,000 businesses are set to re-open this week and 100,000 people will go back to work. He said that existing financial supports for business will…

12,000 businesses are expected to reopen their premises this week as Covid-19 restrictions ease further starting from today. Non-essential retailers across the country can resume click and collect, shopping by appointment and outdoor services from this morning. While personal services, such as hairdressers, barbers and beauticians can also open after more than five months closed.…