Changes to mortgage rules sought and the unpalatable truth about our national debt

Business Today: the best news, analysis and comment from The Irish Times business desk

A lack of quiet spaces for people to work uninterrupted leaves the wholly accurate impression that staff are not hugely valued, writes Pilita Clark as she tackles the scourge of noisy work colleagues.

A lack of quiet spaces for people to work uninterrupted leaves the wholly accurate impression that staff are not hugely valued, writes Pilita Clark as she tackles the scourge of noisy work colleagues.

 

Cairn Homes chief executive Michael Stanley has written to Central Bank governor Gabriel Makhlouf calling for a switch from enforcing “blunt” loan-to-income restrictions for mortgages to a debt-servicing ratio, in order to help alleviate the “accommodation crisis” in the State. Joe Brennan has the details.

There’s a perception that Ireland’s monster debt was put there by band of rogue bankers. And that we as a people have been victims of a terrible wrong. However, as Eoin Burke-Kennedy tells us, the truth is stickier and more unpalatable than the bar-stool narratives we tell ourselves.

The restrictive policies imposed in response to the last economic crisis were a mistake that prolonged the recession, the European Commission’s economic chief has said in an interview with Naomi O’Leary.

State-owned airport operator Daa has warned that its long-running efforts to ease flight restrictions attached to the new €320 million Dublin runway due to open next year may not be finally decided until early 2024. Joe Brennan reports.

Business Today

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A lack of quiet spaces for people to work uninterrupted leaves the wholly accurate impression that staff are not hugely valued, writes Pilita Clark as she tackles the scourge of the noisy work colleague.

In our Monday Opinion slot, Niall O’Grady, chief executive

of Linked Finance, argues that a recovering economy must be able to stand on its own and not be relying on State supports.

Iput, the leading Irish commercial property investment group and developer, said it is planning to cut carbon emissions from new developments and major refurbishment projects by 40 per cent under its plans to achieve net zero by the end of the decade, writes Joe Brennan.

In our Inside Business podcast Cliff Taylor is joined by Ifac’s chief economist Eddie Casey and Kevin McLoughlin, head of tax at EY Ireland, to discuss what’s likely to be included in next month’s budget package and the role tax might play in balancing the books. They also discuss OECD global tax reform and the impact it will have on this country.

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