Archive for September 2022

Oil prices ticked up today on supply concerns, but expectations of another aggressive US interest rate hike capped gains amid investor concerns it could lead to a recession and hurt fuel demand. Brent crude futures rose 11 cents, or 0.1%, to $90.73 a barrel in early trade after falling $1.38 the previous day. US West…

More than three quarters of Irish people believe the energy crisis is harming the EU economy while nearly 60% of people say member states should be allowed to delay meeting their EU climate change targets in order to tackle the energy crisis. The findings are part of today’s Red C/European Movement Ireland opinion poll, which…

New research shows that significant gaps remain in Irish pension planning, with 38% of people surveyed having no pension in place. The research was carried out by the Competition and Consumer Protection Commission (CCPC) and comes during Pensions Awareness Week. When asked by the CCPC the reasons for not having a pension in place, 32%…

New Central Bank figures show the downward trend in the level of mortgage arrears seen over the past number of years continued during the second quarter of 2022. The Central Bank said the number of home mortgage accounts in arrears fell by 2,071 in the second quarter of the year after a decline of 292…

Minister for Social Protection Heather Humphreys is bringing proposals to Cabinet to ensure the State pension age remains at 66 – rather than 68 as recommended by the Pension Commission. It is understood Ms Humphreys is also recommending a flexible pension age, in which people who choose to work beyond 66 years of age receive…

Most of us have been peering at our gas and electricity bills through our fingers in recent months. And the fear that accompanies the arrival of what increasingly resembles a mortgage repayment is about to intensify even further. Some have already reported receiving utility bills that are two to three times what they were paying…

Tánaiste Leo Varadkar has said the main objective of this year’s Budget is “putting more money in people’s pockets” and also reducing the bills people have to pay. Speaking on RTÉ’s The Week in Politics, he said there are three elements to a household budget, “what you get paid, how much you get to keep…

A new survey shows that more than two in five people in Ireland without a pension have either delayed starting one or delayed their planned retirement date due to the cost-of-living crisis. The survey was commissioned by Pensions Awareness Week. It also reveals that 4% of pension holders have actually cashed in their pensions in…

Oil prices edged higher today but were on track for a weekly decline amid fears of sharp interest rate hikes that would slam global growth and hit fuel demand. Brent crude futures were up 56 cents, or 0.6%, to $91.40 a barrel in early trade, but were down 1.5% for the week so far. US…

European new car registrations grew in August, bringing an end to 13 months of consecutive decline, data from the region’s carmaker association showed today. The number of new vehicles registered in the European Union, Britain and the European Free Trade Association (EFTA) grew by 3.4% on the year to 748,961 units, the European Automobile Manufacturers…