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The Government has no plans for any “legislative intervention” to reduce the cost of groceries, Tánaiste Micheál Martin has said. It comes after the Competition and Consumer Protection Commission (CPCC) warned the Government not to introduce price controls. The Taoiseach told the Dáil that the CPCC had cautioned strongly against the move in preliminary advice…

Supermarkets should be treated like energy companies and subject to a windfall tax if they are found to be profiteering, according to Labour’s finance spokesperson. Ged Nash said the Government is “flailing” in its efforts to force supermarkets to cut prices. His comments come after supermarket chains reduced prices on their own brand bread and…

Foreign direct investment into Ireland jumped by 21% last year, according to a new analysis. The EY European Attractiveness Survey shows that 184 new and expansion projects were announced during the year, up from 152 the previous year. This puts Ireland in the top ten most attractive locations for investments across Europe, the report claims.…

The number of domestic gas customers falling into arrears has increased from 20% to 23% in the first quarter of 2023. However, the number of domestic electricity customers in arrears dropped from 11% to 9% over the same period. The number of domestic gas customers in arrears at the end of March stood at 160,399,…

The Taoiseach has said debt reduction, increasing some of the capital budgets, and the establishment of a new sovereign wealth fund, are among the options being considered for using expected surpluses in the public finances. Leo Varadkar said: “We have an aging population and a growing population. While we might be in surplus now, that’s…

More than half of taxpayers are in favour of the Vacant Homes Tax, a new survey has found. But almost three quarters of respondents who support it think that it should be higher than it is. The research by Taxback.com found that 40% support the tax and think it will have a positive impact. A…

The number of domestic gas customers falling into arrears has increased from 20% to 23% in the first quarter of 2023. However, the number of domestic electricity customers in arrears dropped from 11% to 9% over the same period. The data comes from the Commission for Regulation of Utilities, which will be considered today by…

Representatives of large supermarkets chains, smaller shops and the grocery industry are due to attend a meeting of the Retail Forum at the Department of Enterprise later today, to discuss the continued high cost of groceries despite a general decline in inflation. Retailers are expected to say that their costs remain high, and that price…

The Taoiseach has said debt reduction, increasing some of the capital budgets, and the establishment of a new sovereign wealth fund, are among the options being considered for using expected surpluses in the public finances. Leo Varadkar said: “We have an aging population and a growing population. While we might be in surplus now, that’s…

Almost half of Irish companies are concerned about the costs or time involved in meeting new EU rules on greenwashing, new research shows. The Corporate Sustainability Reporting Directive (CSRD), strengthens the rules around the social and environmental information which companies have to report. Under the law, EU companies will have to report in more detail,…