Economic News | Ireland & World Economy Headlines |The Irish Times

A no-deal Brexit in March, is widely tipped to plunge the economy into recession.

Britain’s economy slows as manufacturing contracts

Economy
December 10, 2018, 10:47

GDP figures for the three months to October published by Office for National Statistics

EIB president Werner Hoyer: “If we cannot stop this trend towards the return of protectionism…we are going to live in a much less comfortable continent and world very soon.”

EIB funding hit by Brexit, corporation tax backlog, and wind energy projects at risk

Economy
Michael McAleer
December 10, 2018, 06:55

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

Werner Hoyer, president of the European Investment Bank, said Brexit was ‘the most stupid decision since Caligula named his horse a consul’. Photograph: Dursun Aydemir/Getty Images

Republic to receive €867m in funding from EU bank

Economy
Ciarán Hancock
December 10, 2018, 05:43

European Investment Bank announces funds but warns it will be hit hard by Brexit

The Economic and Social Research Institute says employment in construction will have to increase for housing supply to meet demand.

Ibec salutes move to reduce work permit waiting times

Economy
Eoin Burke-Kennedy
December 10, 2018, 00:05

Employers’ group warns skills shortages could curtail economic growth

St George’s Market in Belfast. Photograph: Eye Ubiquitous/UIG via Getty Images

Brexit blamed for slip in business confidence in Northern Ireland

Economy
Francess McDonnell
December 10, 2018, 00:02

Private sector in North the ‘least optimistic’ of any part of the UK, new survey shows

The new Primark store on Castle Street, Belfast, replaces the one burned down in August. Photograph: PA

New Primark store to give Belfast retail boost

Economy
Francess McDonnell
December 10, 2018, 00:01

Northern Ireland only region in UK to show an increase in number of shoppers

It is hard to imagine hundreds lining up for handcuffs, especially full-time workers. A criminal record can make a lot of things trickier at work: getting a visa, finding a new job and keeping an old one. Photograph: AFP/Getty Images

Climate change is firing up middle-class activism

Economy
Pilita Clark
December 9, 2018, 16:35

Pilita Clark: Employers are having to think about how to deal with staff who set out to be arrested

Prime Minister Theresa May speaks in the House of Commons at the start of a five-day debate on the European Union Withdrawal Agreement last week. Photograph PA Wire

Crunch Brexit vote to proceed, insists UK exit minister

Economy
Eoin Burke-Kennedy
December 9, 2018, 13:29

Seen & Heard: Stephen Barclay rejects reports that May is seeking to delay vote

Theresa May might be one of the last prime minister of a United Kingdom

Second referendum will see the British holding hands as they jump over the cliff

Economy
Chris Johns
December 9, 2018, 12:08

Chris Johns: As the UK fragments, the DUP are ideal candidates for this year’s Darwin award

The disused Player Wills factory site on South Circular Road, Dublin. Photograph: Dara Mac Dónaill

Planners reject appeal by Nama receivers involving Player Wills site

Economy
Barry O'Halloran
December 8, 2018, 06:15

Nama receivers Grant Thornton appealed council’s decision to place disused factory on South Circular Road on vacant sites register

If there is major disruption across the UK at ports such as Dover and Holyhead, this is bound to lead to some delays and disruption to products entering Ireland in the case of a no-deal Brexit. Photograph: Getty Images

Leaked British papers say Republic could face food shortages in no-deal Brexit

Economy
December 8, 2018, 05:45

Government papers claim Ireland could also see 7% drop in gross domestic product

HM Revenue & Customs says that businesses should immediately apply for a UK economic operator registration and identification number. Photograph: Getty Images

UK tax authority warns Northern businesses to prepare for no-deal Brexit

Economy
Barry O'Halloran
December 7, 2018, 17:40

Companies that import and export to and from the EU told to take several steps

Tory MP Priti Patel’s food shortage comments were criticised by EU agriculture commissioner Phil Hogan.

EU agriculture chief Phil Hogan rails against Tory MP’s food threat

Economy
Simon Carswell
December 7, 2018, 17:29

Exploiting shortages for political gain will ensure ‘starvation of British people’, Hogan says

Britain’s Prime Minister Theresa May faces a crucial vote on Tuesday.

Sterling volatility the acid test on looming Brexit vote night

Economy
December 7, 2018, 17:01

Same level of turmoil not expected as when Britain voted to leave

“Any further weakening of sterling would make Irish exports to the UK more expensive. In the event of a hard Brexit, a weaker pound could coincide with an increase on tariffs on those exports”

Hard Brexit will hit Irish jobs, economy and the banks

Economy
Colin Gleeson
December 7, 2018, 16:19

Central Bank issues its second macro financial review outlining the risks to the Irish economy

Taxing matters: We pay a relatively high amount of income tax but a low amount of social security contributions by international standards. Photograph: iStock

Do we really pay the lowest amout of tax in Europe?

Economy
Cliff Taylor
December 7, 2018, 11:53

Smart Money: New figures list Ireland as one of the lowest-taxed economies. But it’s not that simple...

Global markets tumbled after the arrest in Canada of a top executive at Chinese telecoms group Huawei fanned concern over the ability of the US and China to make their trade truce permanent

Global markets tumble, BofI pension plans, and how Brexit VAT could close Irish firms

Economy
Michael McAleer
December 7, 2018, 06:53

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

Ray Kelvin, under-fire founder and chief executive of Ted Baker, never shows his face in photographs. Photograph: Astrid Stawiarz/Getty Images

‘Blindfold Brexit’, hugging culture and rich YouTubers

Economy
Laura Slattery
December 7, 2018, 04:45

Planet Business: Christmas cheer is in short supply everywhere except Ryan’s house

By the end of 2017 the State Claims Agency estimated that its outstanding liability was €2.7 billion, about three-quarters of which related to claims against the health system. Photograph: iStock

Medical redress regime is damaging health system

Economy
John FitzGerald
December 7, 2018, 04:35

John FitzGerald: Claims system adds cost to health service with adverse effects

A sticker reading “No Border, No Brexit” on a road sign near the Hands Across the Divide sculpture in Derry. Photograph: Mary Turner/Bloomberg

Brexit VAT change could close thousands of Irish firms – Ibec

Economy
Barry O'Halloran
December 7, 2018, 04:15

Two-month wait on VAT repayment could seriously pressurise companies’ cash flow

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Most Read in Business

1 International developers eye up €1.1bn plan to build 3,000 apartments for rent in Dublin

2 Second referendum will see the British holding hands as they jump over the cliff

3 Republic to receive €867m in funding from EU bank

4 Sleeping bags and mini golf as traders brace for Brexit all-nighter

5 Johnny Ronan: The ‘sweat equity’ comeback of a flamboyant businessman

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