Ifac warning, DAA penalty and soaps don’t get us in a lather anymore

As much as €9 billion or 60 per cent of the Government’s corporate tax take may be “temporary”, meaning it cannot be counted on in the future, the Irish Fiscal Advisory Council (Ifac) has said. In its latest report, the financial watchdog said the Government’s over-reliance on volatile and vulnerable corporation tax receipts posed a significant threat to the public finances and needed to be reduced as a matter of urgency. Eoin Burke-Kennedy has the details.

Dublin Airport faces cash penalties for delays that caused more than 1,000 passengers to miss flights on Sunday. The airport’s owner, State company DAA, said that the absence of 17 security staff rostered to work on Sunday caused long queues that led to travellers missing their flights. Barry O’Halloran reports.

The State cannot protect everybody from inflation and will only compound the current cost-of-living squeeze if it relies on untargeted measures to deal with the problem, the Irish Fiscal Advisory Council (Ifac) has said. “The Government faces a delicate balancing act in protecting the economy and poorer households from higher energy and food prices, while avoiding adding to inflation through second-round effects,” the council said in its latest report. Eoin Burke-Kennedy reports.

As with most things in life, careful planning when it comes to your pension can reap rewards. Failing to do so, on the other hand, can mean you end up giving up more than you perhaps otherwise would have done. Fiona Reddan tells us how to get things right.

Procurement executives in Ireland and the UK are more concerned than their global peers about rising inflation, cost pressure, global supply shortages, and their ability to contain those pressure, according to a report by PwC. Colin Gleeson reports.

The number of mortgages approved fell 5.9 per cent in April compared with March and by 1.3 per cent compared with the same period last year, figures from the Banking & Payments Federation Ireland (BPFI) show.

The latest data from the BPFI Mortgage Approvals Report for April shows a total of 4,304 mortgages were approved in April. First-time buyers (FTBs) were approved for 2,296 mortgages (53.3 per cent of total volume) while mover purchasers accounted for 923 (21.4 per cent).

Cantillon finds that EY has a difficult decision to make, DAA has a people problem and that Ifac has money worries.

Me & My Money asks Peigin Crowley founder of spa brand, Ground Wellbeing how she spends and saves.

How best can we juggle our finances to pay for new home and fund renovations over next few years? Dominic Coyle answers your personal finance questions.

Snap’s downfall – last week’s collapse means it has lost roughly 85 per cent of its value since peaking last year and has almost halved since 2017?s initial public offering (IPO) – is just the latest reminder that a great company is not a great stock. Proinsias O’Mahony takes the market’s temperature.

The European Commission has found there is a limited risk of another housing bubble developing in Ireland due to stricter rules that have reduced risk in the financial system. The positive finding comes despite the fact that house prices are expected to continue to rise this year. Cliff Taylor gives his views on the matter. Also in this episode of the Inside Business podcast: after a gap of more than two years, the World Economic Forum has gathered again in Davos, Switzerland.. Joe Brennan was there for The Irish Times.

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