By David Lawder WASHINGTON, Sept 12 (Reuters) – The US budget deficit will reach $1.897 trillion in the first 11 months of the 2024 fiscal year, the Treasury Department reported on Thursday, and annual interest costs on the public debt exceeded for the first time in trillion dollars. The Treasury Department said the 2024 fiscal … Read more
Taoiseach Leo Varadkar has suggested the reintroduction of mortgage interest relief in this year’s budget, in a move that is likely to face significant opposition within the government. Officials in the Department of Finance are expected to resist the measure, as are Finance Minister Michael McGrath and Minister for Public Expenditure Paschal Donohoe. Nonetheless, there … Read more
The recent decision by the European Central Bank (ECB) to raise interest rates for the seventh time since last July has put immense pressure on mortgage holders in Ireland. As a result, the reintroduction of mortgage interest relief is currently being negotiated within the Government ahead of the upcoming budget, according to Taoiseach Leo Varadkar. … Read more
Low Irish deposit rates have long been a topic of concern for both savers and the wider economy as a whole. But according to Gabriel Makhlouf, the governor of the Central Bank of Ireland, there is a lesser-known consequence of these low rates, and it has to do with the country’s mortgage market. In a … Read more
PricewaterhouseCoopers (PwC), one of the world’s largest professional services firms, has recently paid €53m to settle a €900m claim over the collapse of Quinn Insurance, which was the largest insurance failure in Ireland’s history. The settlement comes after several years of litigation and marks a significant outcome for both parties involved. The collapse of Quinn … Read more
The Minister for Finance has made a bold prediction that the government will see record corporation tax receipts in the year 2023. This news is welcome for both the government and the economy, as corporation tax is a major contributor to the state’s revenue. With this projected increase, the government will be able to fund … Read more
Ireland has recently experienced a significant Corporation tax windfall of €9.4 billion. This amounts to approximately €5,000 for each man, woman, and child living in the State. The news has aroused great interest and debate, with many people wondering how this money should be spent or invested. The unexpected windfall has put the government under … Read more
As technology continues to advance, customers are presented with more options than ever before when it comes to banking services. However, a new report from the Economic and Social Research Institute (ESRI) has found that the majority of bank customers in Ireland are losing money by not switching to more beneficial accounts or services. In … Read more