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US jobs growth slows despite reopenings and vaccinations

Economy
May 7, 2021, 20:11

Biden says unexpected small gain in April shows full recovery has ‘long way to go’

Minister for Finance Paschal Donohoe was advised to emphasise the fact that the €1 million cap had been introduced if questions arose about the controversial scheme. File photograph: Alan Betson

Cost of Sarp tax reliefs for overseas executives rises sharply

Economy
Ken Foxe
May 7, 2021, 05:55

But number of multinational executive jobs supported via tax scheme ‘falls sharply’

Traffic crossing the Border near Derry. Brexit provisions afford the North the unique advantage of being simultaneously in the UK and in EU’s single market when it comes to trade in goods. Photograph: Getty Images

8:59 What would be the economic costs and benefits of a united Ireland?

Economy
Eoin Burke-Kennedy
May 7, 2021, 05:35

Agenda: The subvention argument tends to view the North as a deadweight, a financial burden to be shouldered by whatever entity follows

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4:15 EU emissions scheme trumps individual state action on climate change

Economy
John FitzGerald
May 7, 2021, 05:04

Revenue in any EU-wide permit scheme ought to accrue to national governments

Household net worth is considered a crude measure of prosperity as it hides the distribution of household assets and liabilities across income groups and age categories. Photograph: iStock

Savings boom brings household net worth to record high

Economy
Ciara O'Brien
May 6, 2021, 15:38

Household savings increased by €1bn in fourth quarter as pandemic curbed spending

“Latest unemployment statistics continue to reflect the devastating impact of the pandemic on the economy,” says the Grant Thornton chief economist. Photograph: iStock

Unemployment rate falls in April, but youth still heavily impacted by curbs

Economy
Ciara O'Brien
May 6, 2021, 19:22

Excluding those on PUP, unemployment rate stood at 5.8%, up 1.1% from previous year

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Income tax receipts rise despite closed businesses and unemployment

Economy
May 6, 2021, 05:32

Exchequer returns also note Covid-fuelled welfare spend of €1.6bn

The Minister for Finance, Paschal Donohoe. Photograph: Alan Betson

Income tax and VAT receipts surprisingly strong in first four months of year

Economy
Eoin Burke-Kennedy
May 5, 2021, 16:37

Tax receipts ahead by 4.2%, latest exchequer figures show

Janet Yellen: ‘I don’t think there’s going to be an inflationary problem. But if there is the Fed will be counted on to address them’. File photograph: White House/Bloomberg

US treasury secretary ‘sees no inflation problem’ after rate hike comments roil Wall St

Economy
May 5, 2021, 08:25

Yellen downplayed earlier comments hikes may be needed to stop economy overheating

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4:39 Government warned about shared-equity scheme prior to budget

Economy
Eoin Burke-Kennedy
May 5, 2021, 10:07

Housing Agency notified department last September of UK study of inflationary impact

Some 12,692 people closed their PUP accounts and returned to work in the last seven days. Photograph: Getty Images

Number on Covid-19 unemployment payment falls below 400,000

Economy
Simon Carswell
May 4, 2021, 20:02

Pandemic Unemployment Payment to be paid to more than 385,000 people this week

Brexit could prompt wealthy Chinese citizens to invest up to €65 million extra in the Republic. Photograph: Greg Baker/AP Photo

Brexit could push Chinese ‘cash for visa’ investors to Ireland

Economy
Barry O'Halloran
May 4, 2021, 17:59

English-speaking gateway to the EU popular with very wealthy investors – report

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Record jump for UK mortgage lending after tax break extended

Economy
May 4, 2021, 14:21

First £500,000 in England or NI will remain exempt from stamp duty until end June

Corporate filings in Luxembourg showed that Amazon EU Sarl had record sales of €43.8 billion last year, up from €32 billion in 2019. Photograph: Patrick T Fallon/AFP/Getty Images

Amazon pays no corporation tax in Europe despite €44bn sales

Economy
Naomi O’Leary
May 4, 2021, 12:00

EU Commission will ‘continue to monitor Amazon’s behaviour’ on corporate taxation

The North currently runs a budget deficit of £9 billion-£10 billion

Irish unity would trigger financial shock in Republic, committee hears

Economy
Eoin Burke-Kennedy
May 4, 2021, 11:28

Move likely to trigger fall in living standards, John FitzGerald tells Oireachtas committee

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Vaccine rollout boosts consumer sentiment in North in Q1

Economy
Ciara O'Brien
May 4, 2021, 05:29

Confidence about finances, job security and spending on expensive items increases

Optimism for the next 12 months seems high, with firms reporting the strongest output expectations on record. File photograph: Getty

3:18 Manufacturing surge as coronavirus restrictions eased

Economy
Ciara O'Brien
May 4, 2021, 04:58

Business sector optimistic that vaccination will lead to the full reopening of economies

The Government is set to launch plans to increase the number of Irish people being hired into the European Unions institutions. Photograph: iStock/Getty

Ireland to push graduates towards EU jobs to combat ‘demographic cliff’

Economy
Naomi O’Leary
May 3, 2021, 15:12

Government fears waning Irish influence in key posts in Brussels

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Euro zone factories surged to record high in April

Economy
May 3, 2021, 11:12

Factories have largely remained open during third wave of Covid infections

Corporation tax accounted for 21 per cent of all taxes collected by Revenue in 2020. Photograph: Nick Bradshaw

3:18 Top 10 companies now pay more than half of corporate tax

Economy
Seán McCárthaigh
May 3, 2021, 05:54

Covid delivers sharp jump in share of corporation tax paid by big business

Northern Ireland has fallen further behind the rest of the UK since the 1998 peace accord, which many believed would bring an economic dividend. Photograph Artur Widak/NurPhoto via Getty Images

Northern Ireland’s £9.4bn subvention and the cost of Irish unity

Economy
Eoin Burke-Kennedy
May 2, 2021, 11:49

The North was one of nine UK regions to run a fiscal deficit in 2019

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