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Mon, Nov 21, 2016

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British prime minister Theresa May  addresses delegates at the annual Confederation of British Industry. Photograph: Justin Tallis/AFP Theresa May’s retreat from Brexit ‘cliff edge’ to cushion Ireland
  • Economy
  • Joe Brennan
  • November 21, 2016, 19:19

Deal would avert tariffs kicking in if new UK-EU accord not agreed after two years

President of the European Central Bank Mario Draghi said European unity was more important than ever. Photograph: Frederick Florin/AFP via Getty Draghi calls for European unity in the face of challenges
  • Economy
  • Suzanne Lynch
  • November 21, 2016, 17:55

ECB president says cohesion being tested by such events as Brexit

British prime minister Theresa May said she understood business concerns UK could fall off  cliff-edge after Brexit.  Photograph: Toby Melville/Reuters May signals cut in UK corporate tax to lowest in G20 group
  • Economy
  • November 21, 2016, 14:26

Move could challenge Ireland’s pre-eminence as Europe’s low tax home for multinationals

An Italian or  French exit from the euro would bring about the biggest default in history. Wolfgang Munchau: Italy is key to survival of euro and EU
  • Economy
  • Wolfgang Munchau
  • November 21, 2016, 13:49

Defeat for Renzi referendum would raise questions about Italy’s place in euro zone

Minister of State for Financial Services Eoghan Murphy: department has “clear roadmap” on maximising Brexit opportunities. Photograph: Dave Meehan Government warned of surge in work permit applications
  • Economy
  • Eoin Burke-Kennedy
  • November 21, 2016, 13:05

Britain’s EU exit likely to trigger influx of foreign workers here, migration group advises

British prime minister Theresa May’s low tax rate pledge is an issue for Ireland. Photograph: Justin Tallis/AFP/Getty Images Deal on transition period after Brexit vital for Ireland
  • Economy
  • Cliff Taylor
  • November 21, 2016, 11:55

Three key points for State from British prime minister’s speech to UK business leaders

Brexit leader Nigel Farage: campaign falsely claimed  NHS would get an extra  £350 million a week post-Brexit. Photograph:  Patrick Seeger/EPA It’s still worth stating facts in a post-truth society
  • Economy
  • Chris Johns
  • November 21, 2016, 10:57

Trump and Brexit have nothing to say about real problems in a rapidly changing world

The European Commission suggests there is scope for Irish house prices to increase further despite recent gains. Photograph Nick Bradshaw Irish house prices still undervalued, says European Commission
  • Economy
  • Fiona Reddan
  • November 21, 2016, 10:54

Houses undervalued by nearly 15 per cent in 2015, scope for price rises into 2017

The Central Bank: one area that may change is the number of exceptions banks are allowed to grant Loosening of mortgage rules will push up house prices, says Davy
  • Economy
  • Fiona Reddan
  • November 21, 2016, 09:06

Central Bank may soften restrictive lending rules in its review on Wednesday

US president-elect Donald Trump  points to investor Wilbur Ross at  Trump International Golf Club in  New Jersey on Sunday. Photograph: Peter Foley/EPA Wilbur Ross now leading candidate for US commerce secretary
  • Economy
  • November 21, 2016, 08:01

Former BoI investor was one of several candidates to meet Trump and Pence

The commission is likely to consider raising its €220,000 limit, meaning more borrowers would only require a 10 per cent deposit. Photograph: Rui Vieira/PA Wire Central Bank set to ease mortgage lending rules
  • Economy
  • Cliff Taylor
  • November 19, 2016, 14:09

Commission may raise 10% deposit cut-off and allow more exceptions to lending caps

Pay restoration: the Government’s deal gardaí will cost at least €40 million. Photograph: Nick Bradshaw Fast-track pay restoration: is it economically feasible?
  • Economy
  • Cliff Taylor
  • November 19, 2016, 06:00

Public-sector unions are demanding it. The Government says it can’t afford it. What happens next has implications for taxes, public spending, recruitment and pensions

German finance minister Wolfgang Schauble said the Commission had ‘no mandate’ in such matters. Photograph: AFP Germany says Commission has no right to decide on its fiscal space
  • Economy
  • November 18, 2016, 15:39

Wolfgang Schauble statement is effective rebuke to EU executive

Philip Hammond: The chancellor of the exchequer (above with Minister for Finance Michael Noonan) will be under pressure from the prime minister to help squeezed households. Photograph: Philip Toscano/PA Wire Hammond faces tricky juggling act in first autumn statement
  • Economy
  • November 18, 2016, 13:49

New UK chancellor of the exchequer must balance public needs with economic health

Volkswagen: The car giant is looking for big cost savings – €3.7bn worth. Photograph: AP/Erik Schelzig Volkswagen to cut 30,000 jobs in historic shake-up
  • Economy
  • Derek Scally
  • November 18, 2016, 13:11

Europe’s largest carmaker faces multibillion-euro bill related to its emissions scandal

 Theresa May at the Conservative party conference in  October. “I want it to give British companies the maximum freedom to trade with and operate within the single market – and let European businesses do the same here.”  Photograph:   Reuters May’s changing vocabulary signals shift from ‘hard Brexit’
  • Economy
  • November 18, 2016, 12:24

British PM has declined to say whether she wants Britain to remain in the single market

The pound gained around a third of a per cent to 85.29p against the  euro in Friday morning trading Post-Brexit slump may be over as sterling rises for third week
  • Economy
  • November 18, 2016, 11:29

Sterling extends this week’s two-month highs against the euro and holds its ground against the dollar

This week the European Commission called for modest fiscal easing in the euro zone. Yet it would be difficult to achieve politically as Germany,  committed  to fiscal austerity, is the only country in a position to make a difference Euro zone economy to hum along despite Trump and Brexit
  • Economy
  • November 18, 2016, 11:11

ECB looks set to extend quantitative easing programme beyond March

Bank of Ireland’s Richie Boucher earns north of €800,000 a year. Photograph: Sam Boal/Photocall Ireland Bankers are from Mars and politicians are from Venus
  • Economy
  • November 18, 2016, 08:44

Caveat: Richie Boucher says BoI trying to push variable-rate clients into fixed -rate products

Philip Hammond: The chancellor of the exchequer  is expected to reverse some of the housing measures implemented by his predecessor, George Osborne. Photograph: Chris Ratcliffe/Bloomberg UK infrastructure spending and housing stimulus predicted
  • Economy
  • November 18, 2016, 08:09

Poll of economists also finds most expect modest rise in unemployment rate

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Most Read in Business

1 Irish house prices still undervalued, says European Commission
2 Denis O’Brien settles action with Topaz buyer over €4.7m
3 We want to give our son a wedding gift but what about tax?
4 Lucy Kellaway: I’m leaving this summer to teach trigonometry
5 May signals cut in UK corporate tax to lowest in G20 group
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Denis O’Brien settles action with Topaz buyer over €4.7m 19:37
European markets lifted by rallies in oil and commodities 19:24
Theresa May’s retreat from Brexit ‘cliff edge’ to cushion Ireland 19:19
We want to give our son a wedding gift but what about tax? 18:09
Draghi calls for European unity in the face of challenges 17:55
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Dominic Coyle Dominic Coyle - Deputy Business Editor

We want to give our son a wedding gift but what about tax?

Lucy Kellaway Lucy Kellaway -

Lucy Kellaway: I’m leaving this summer to teach trigonometry

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