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Traders work in desk pods on the trading floor inside the Frankfurt Stock Exchange, operated by Deutsche Boerse AG, in Frankfurt, Germany . Photographer: Thorsten Wagner/Bloomberg

European stocks hit one-month low as virus fears dominate

Economy
Eoin Burke-Kennedy
October 27, 2020, 17:57

Pan-European Stoxx 600 index fall 1 per cent to one-month low

Irish Institutional Property claims land costs are not a major expense and typically range from 8 to 18 per cent of the total delivery costs. Photograph: Cyril Byrne

Housing crisis here to stay in absence of big rethink, industry warns

Economy
Eoin Burke-Kennedy
October 27, 2020, 14:27

Report cites high costs of development and lack of supply as source of building problem

The average disposable income of Irish households stood at €53,118 in 2019

Disposable income in Ireland rose 28% between 2012 and 2019

Economy
Eoin Burke-Kennedy
October 27, 2020, 12:27

Increase reflects jobs growth since financial crisis, but figures predate Covid-19

The threats of the pandemic and Brexit were to the fore, with the entire country moving to Level 3 of the State’s Covid-19 restrictions at the time of the survey. Photograph: Alan Betson

Brexit and Covid force consumer sentiment to lowest level

Economy
Colin Gleeson
October 27, 2020, 04:00

Businesses are downgrading their outlook for activity and jobs, says Bank of Ireland

Only 172 borrowers took out mortgages to buy properties to rent out, a fall of almost half on the same period in 2019. Photograph: iStock

Mortgage drawdowns fall by almost a third compared to 2019

Economy
Barry O'Halloran
October 27, 2020, 03:00

Just 6,396 borrowers took out home loans in the third quarter, down 32.6% on last year

UK consumer confidence falls after five months of gains

Economy
October 26, 2020, 10:52

Concerns about household finances and property values pushed down the index

Leo Varadkar: ‘I know how tough this year has been for business.’ Photograph: Julien Behal

‘Brexit readiness’ tool launched for Irish business amid trade talks impasse

Economy
Laura Slattery
October 25, 2020, 17:02

Varadkar warns of significant changes to business with UK, 70 days ahead of EU exit

A closed shop on Dublin’s Henry Street. Official policy represents a gamble. The main bet is that we won’t have to wait too long before a vaccine arrives. Photograph: Nick Bradshaw

Policy failed us during the banking crisis and it’s failing us again

Economy
Chris Johns
October 25, 2020, 15:32

Chris Johns: ‘Rolling lockdown’ until a vaccine arrives is an abject failure of policy

People drink at outside tables on a busy Grafton Street in Dublin on October 21st, as Ireland prepares to enter a second national lockdown to stem the spread of the virus that causes Covid-19. Photograph: Paul Faith/AFP via Getty Images

Outgoing Irish a sitting duck for Covid

Economy
October 24, 2020, 08:00

Country in limbo as lockdown strategy comes unstuck

Fianna Fáil MEP Billy Kelleher: ‘The primary function of Cap is to ensure food security, protect farm incomes and develop rural communities. Within the three proposals adopted today, significant progress was made on all three’

MEPs agree mandate on EU farming subsidies programme

Economy
Naomi O’Leary
October 23, 2020, 21:53

Green groups argue Common Agricultural Policy waters down environmental policies

Phil Hogan: there could be a role for the EU in guiding the recovery from Covid-19 and managing resilience across sectors. Photograph: Dara Mac Donaill

‘Last-chance saloon’ Brexit talks will yield deal, Phil Hogan claims

Economy
Jack Horgan-Jones
October 23, 2020, 16:44

MacGill Summer School: Former commissioner critical of EU co-ordination on travel

Bundoran in Co Donegal. At the peak of the lockdown in April, almost a third of the labour force in Donegal was in receipt of the Pandemic Unemployment Payment. Photograph: James Connolly

Western counties suffer greater economic hit from Covid-19, study finds

Economy
Eoin Burke-Kennedy
October 23, 2020, 14:02

Prevalence of small businesses in tourism sector leaves region more exposed

A Berlin shopping mall this week. Services activity fell this month in Germany and France, the euro zone’s two largest economies, as the sector bore the brunt of new restrictions and of weak consumer confidence as job losses continued to rise. Photograph: EPA

Euro zone business activity falls as virus restrictions choke off recovery

Economy
October 23, 2020, 12:17

Drop driven by contraction in services activity

Liz Truss, the UK’s international trade secretary, signed the agreement with Japan’s minister for foreign affairs Toshimitsu Motegi. File photograph: Chris Ratcliffe/Bloomberg

UK seals first big post-Brexit trade deal with Japan

Economy
Robin Harding
October 23, 2020, 10:37

British government has been keen to sign pact as negotiations with Brussels continue

A street in Belfast: In its current form, the Northern Ireland economy would be exceptionally challenging to merge into any united Ireland. Photograph: Mark Marlow

John FitzGerald: North needs reform more than unity

Economy
John FitzGerald
October 23, 2020, 05:53

Northern Ireland requires deep economic and social change before any referendum

Martin McVicar of CombiLift: demand from many customers in the 80 countries where it sells forklifts is growing in some cases. Photograph: Peter Murtagh

Open for business: How industry has adapted to survive the lockdown

Economy
Barry O'Halloran
October 23, 2020, 06:24

Keeping only those who must be on-site has been key to continuing operations

No sleighs to drive: A deer from a rent-a-reindeer business in northeast England where bookings have plunged this Christmas season. Photograph: Owen Humphreys/PA

Redundant reindeer, ‘jobs of tomorrow’ and the ExxonMobil call that ‘never happened’

Economy
Laura Slattery
October 23, 2020, 21:55

Planet Business: ‘Just so we’re all clear’

A pub on Dublin’s Aungier Street advertising ‘cocktails to go’. Photograph: Nick Bradshaw

Consumer sentiment nosedives again amid fresh spike in coronavirus

Economy
Eoin Burke-Kennedy
October 23, 2020, 04:50

Public mood plummeted ahead of move to Level 5, KBC Bank Ireland index shows

Minister for Finance Paschal Donohoe was told that reform of property tax would need to be prioritised if it was to be changed in this year’s budget. Photograph: Dara Mac Donaill

Donohoe said delay to local property tax reform was ‘untenable’ before deferring it

Economy
Ken Foxe
October 23, 2020, 01:00

Minister for Finance later concluded there was no time to make changes in 2020

The Finance Bill also provides for the reduced VAT rate for the hospitality and tourism sector from 13.5 per cent to 9 per cent, which comes into effect next month. Photograph: Getty Images

Government tweaks eligibility criteria for new Covid business support scheme

Economy
Eoin Burke-Kennedy
October 22, 2020, 16:49

Bill gives legal effect to tax measures announced by Donohoe on budget day

The concern now is that as more businesses run into financial trouble, even with Government supports, many will not make it through. Photograph: Nick Bradshaw

Cliff Taylor: Jobs in the firing line as the country moves to Level 5

Economy
Cliff Taylor
October 22, 2020, 12:29

Smart Money: How do we calculate the likely economic cost of ongoing lockdowns?

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