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 Bank of Ireland has blamed state-imposed curbs on bankers’ pay and bonuses for the announcement that its chief financial officer Myles O’Grady would leave the bank for a role outside the financial sector. Mr O’Grady is expected to leave Bank of Ireland in March 2022 and a process to appoint his successor will now start.…

Asking prices for homes in the third quarter were up 9% across the country compared to the same period last year, according to two separate reports by property websites myhome.ie and daft.ie. It compares to a rate of 13% in the second quarter of the year, suggesting the rate of increase is moderating. “The latest…

The Tánaiste has told business leaders that he is confident that the Government is in a position to include a pension, welfare and personal income tax package in next month’s Budget and needs to. Leo Varadkar also said that index linking income tax credits and bands is in the Programme for Government and that to…

New figures from Banking and Payments Federation Ireland show that mortgage approvals fell by 9.2% in August following a record high in July. But mortgage approvals continued to show growth on an annual basis, rising by 18% in August compared to the same month last year. Banking and Payments Federation Ireland said that a total…

Tánaiste Leo Varadkar has told the Dáil that there will be an increase in the minimum wage in the coming year. Mr Varadkar said there would be pay increases in most parts of the economy and that was why indexation of tax bands was required. He said these are not tax cuts and just ensured…

Nearly a third of business leaders say the requisite skills and experience on the board of their organisation have changed during the Covid-19 pandemic. This is according to the latest Director Sentiment Monitor research, published by the Institute of Directors (IoD) in Ireland today. The monitor also found that business leaders identify increased demand over…

The British-Irish Chamber of Commerce has called for the establishment of a “Shared Island Fund” to help boost the economic relationship between Ireland and the UK post-Brexit. In its pre-budget submission, the Chamber said the fund could help traders and encourage research partnerships. It also called for targeted supports for agri-food firms, and the expansion…

Minister for Finance Paschal Donohoe has spoken with the US Treasury Secretary Janet Yellen about the current OECD process that aims to reform global corporation tax rules. Mr Donohoe described the call as “constructive” and said that he and Ms Yellen had agreed to stay in contact. “The ultimate ambition for us all is to…

When Paschal Donohoe gets to his feet on October 12th to deliver the Budget, watch out if his speech contains a key line. Last year he said: “…I would like to take this opportunity to again reaffirm Ireland’s commitment to the 12½ per cent corporation tax rate.” This year, by Budget Day, we may know…

The tourism sector will not be “healed overnight” and will continue to need support as recovery continues, Minister Catherine Martin has said. Minister Martin was speaking at an in-person conference organised by Fáilte Ireland. The event, at Dublin’s Convention Centre, is part of a drive to attract business conferences, events and meetings back into Ireland…