As more and more parts of the market hit affordability barriers, we should see the overall rate of growth slow further. Photograph: Peter Byrne/PA Wire

House price growth in Dublin is cooling as Central Bank rules and affordability kick in

Turkish President Tayyip Erdogan  has said the country is in an economic war and called on the population to sell dollars and buy lira

Cliff Taylor: Investors are looking for a much more robust response than seen to date, fearing the Turkish economy may be heading (...)

The Pfizer plant in Ringaskiddy, Co Cork: In the past, big regional multinational closures have  dealt heavy blows. However, foreign direct investment is  a huge part of a region’s development.  Photograph:  Michael Mac Sweeney/ Provision

Soaring rental costs in the capital leading more tech firms to locate outside Dublin

You can bring in goods worth €430 from outside the EU but once imports go above this value, customs and VAT become payable. File photograph: Dara Mac Dónaill

Smart Money: a special report on what Brexit will mean for Irish households

The fall of sterling  follows weekend comments by the UK’s international trade secretary Liam Fox, who warned that the risk of no-deal Brexit had risen to 60%.   Photograph: EPA

British currency breaks through 90p ceiling, adding to Irish exporter woes but making cross-border shopping more attractive

Warning lights will start to flash red for sterling if a Brexit transition period, due to kick in when the UK leaves in March 2019, is threatened. Photograph: EPA

Fraught territory as sterling weakens and move over 90p to euro may ring alarm bells

Grandparents are a vital cog without which many families could not function or would really struggle.

Independent Alliance idea must be killed off before time is wasted looking at it

Gym membership in Ireland is the most expensive in the EU but it’s getting more competitive. Photograph: Irish Times Graphics

Smart Money: It’s not cheap but competition for the sweaty euro is benefiting consumers

Privacy concerns could undermine US multinationals such as Google, the NTMA warns. Photograph: Cyril Byrne

Caution comes after strong concerns expressed by National Competitiveness Council

The Intel facility at Leixlip, Co Dublin. Just five big players account for 30 per cent of all of the Republic’s exports. Photograph: Dave Meehan

Cliff Taylor: No quick fix to our economic reliance on handful of big players

The big players in the tech and pharma sectors are responsible for huge amounts of economic activity, productivity growth and tax revenue.

Third of exports come from just five companies, according to competitiveness council

The papers, published on Tuesday, examine the income levels at which earners enter the higher income tax rate in other countries, illustrating that the €34,550 level in Ireland is relatively low. File photograph: Getty Images

Strategy group suggests increasing diesel and carbon tax, and tax relief for self-employed

A view of Central Bank of Ireland’s headquarters in Dublin’s docklands. The financial regulator has urged caution in the upcoming budget. Photograph:  Niall Carson/PA Wire

Central Bank wants extra infrastructure to be paid for via higher taxes or lower spending, rather than more borrowing

US president Donald Trump and European Commission president Jean-Claude Juncker delivering a joint statement on trade outside the White House on Wednesday. Photograph:  Win McNamee/Getty Images

Both promised not to impose more tariffs and to find a way to remove those already introduced

UK airlines fly to the US under the so-called Open Skies deal. There can be no guarantee that the US will agree to replicate the terms of this for UK airlines post-Brexit

When the UK leaves the EU and becomes a ‘third country’, it ceases to be part of the fully-liberalised EU aviation market

Some younger drivers are being quoted €5,0000 to €6,000 for an annual premium. Photograph: iStock

Smart Money: Premiums may have fallen but too many still paying too much

US President Donald Trump meets with European Commission president Jean-Claude Juncker in the Oval Office of the White House.

A lot more talking needed to reach deal on cutting tariffs and other trade barriers

A report by the Central Bank concludes that some banks still do not understand what a “customer focus” means for their organisation. All have made progress, the report says, but some are moving quicker than others. Photograph: Crispin Rodwell/Bloomberg

Central Bank verdict is sobering: a decade after the crisis banks are still not focused on the consumer

Minister for Finance Donohoe. The Department of Finance is basing its budget sums on GDP growth of 4 per cent next year and 3.4 per cent in 2020. Photograph: Nick Bradshaw

Effects of economic recovery and external threats require shift in budget strategy

Irish ortgage borrowers are still paying way more than their counterparts elsewhere in the EU

Smart Money: Irish borrowers are paying almost twice what their counterparts in the EU are paying

Governor Philip Lane with deputy governor Sharon Donnery. Photograph: Dara Mac Donaill / The Irish Times

Philip Lane and Sharon Donnery are strong contenders but government can only choose one

Out of total Irish Water spending of over €1.3 billion billion this year, just €230 million is expected to come from commercial water charges and connection charges

Cliff Taylor: A lot remains unclear about the thinking behind this move

US president Donald Trump and British prime minister Theresa May  at Chequers on Friday. Photograph: Jack Taylor/AFP/Getty Images

US president was correct when he said the UK cannot have it every way after it leaves the EU

UK Brexit secretary  Dominic Raab outlining details the White Paper on Brexit in the   House of Commons on Thursday. Photograph:  PA Wire

Cliff Taylor: EU will be glad that UK has finally tabled a proposal, but differences remain

Aaron Doyle (8) was among Glasnevin Na Fianna members who visited en mass the public information session hosted by Transport Infrastructure Ireland about the proposed Metrolink project. Photograph: Nick Bradshaw

Smart Money: State plans to invest €100bn in new infrastructure in the coming years

Conor O’Kelly, chief executive of the NTMA: ‘If the cycle is a 12-hour clock we are around 11 o’clock right now.’ Photograph: Iain White/Fennells

It is time for Ireland to run a surplus and sell some of its remaining bank shares

Theresa May is proposing that the UK and EU would form a commons customs area, but that the UK could set its own tariff levels with non EU countries.  Photograph: Simon Dawson/Reutes/File Photo

Cliff Taylor: The UK has moved but is it far enough?

Ryanair plane at Beauvais Airport, Paris. Airline is trying to work out how to mix a unionised workforce with its low-cost model. Photograph: Bryan O’Brien

Cliff Taylor: Michael O’Leary must balance wage rises and airline’s low-cost status

There are a variety of reasons behind why some goods and services are so much more expensive in Ireland. Graphic: Irish Times Graphics

Smart Money: Eurostat report says prices in Ireland are 25% above the EU average. Why?

Minister for Finance Paschal Donohoe: big issue is not whether taxpayers get an extra €7 or €10 a week, but about hospital waiting lists and housing. Photograph: Cyril Byrne

Cliff Taylor: Another overrun in health spending a sign of challenges for ministers

German chancellor Angela Merkel  and  French president Emmanuel Macron   holding hands  at the start of the second day of an European Council summit in Brussels on Friday. Photograph:  EPA/Stephanie Lecocq

Leaders in France and Germany are looking over their shoulders at right-wing elements at home

The Irish housing market has had a uniquely volatile nature over the past 20 years

The Smart Money: Cliff Taylor examines economic issues affecting your life and your pocket

Taxes on lower incomes are significantly less here than the international average – and the numbers exempted entirely from paying tax are also unusually high. Photograph: Niall Carson/PA Wire

An Irish worker on €18,000 pays just €510 in tax and USC; in England, that would be €1,696 and €4,818 in Germany

US president Donald Trump. He  is leading the charge towards economic nationalism, a kind of “we win, you lose” economics. Photograph: Reuters

Big businesses have been criticised for stating the obvious – trade wars and Brexit come with a price

Former Anglo Irish Bank chief executive  David Drumm was sentenced to six years in prison for a fraud involving €7.2 billion in deposits. Photograph: Collins Courts

No certainty that revamped institutions and rules will prove effective

Squeezed middle: are those likely to do best out of Budget 2019 the  middle-income earners? Photograph: iStockphoto/Getty

Minister will have to raise extra funds in order to pay for income tax cuts

 The Minister for Finance and Public Expenditure & Reform, Paschal Donohoe,  and Minister of State Michael D’Arcy  at the publication of the Government’s Summer Economic Statement  at Department of Finance, Government Buildings. Photograph:  Tom Honan

Cliff Taylor: Given the short-term threats to growth, Paschal Donohue should move the government finances in to surplus

Conservative MP Jacob Rees-Mogg: engaging in a tactic to try to blame somebody else for the consequences of Brexit.  Photograph: PA

MP’s Brexit remarks like saying England should play World Cup with an oval ball

Mario Draghi, president of the European Central Bank, said rates will remain at zero for another year.

ECB president Mario Draghi promises rates will remain where they are well into 2019

Theresa May: scraped though a key vote on Brexit legislation in the  House of Commons  on Tuesday. Photograph: Simon Dawson/Reuters

Irish businesses need to prepare for chaos ahead as the talks reach the crunch stage

“Congestion and the housing crunch are the things within our own control which, if not tackled, could lead to economic growth running into the buffers over the next few years.” Photograph: Cyril Byrne

We have low inflation but a high cost of living and housing costs are shooting up

Macquarie’s renewables arm recently took an equity stake in the Poolbeg incinerator in Dublin. Photograph: Brenda Fitzsimons

Decision on application for full Irish banking licence understood to be imminent

Brexit costs: bulky goods such as machinery can be exposed to the complications of holding them at borders.  Photograph: Alan Betson

Border checks and bureaucracy might almost double delays, says Central Bank

Italian share prices have fallen, and the cost to Italy of raising borrowings has gone up as the new government’s intentions become clear.  Photograph: Getty Images

Government parties have plans which would drive a coach and horses through EU budget rules

Italy’s Five-Star Movement (M5S) leader Luigi Di Maio who has promised to spend more, boost growth and ignore EU budget rules.

Expect the warnings from rest of EU about destabilising the euro zone to ramp up

Theresa May: the British prime minister is proposing a kind of ‘Hotel California’ solution, where the UK checks out of the customs union but doesn’t actually leave. Photograph: Jasper Juinen/Bloomberg

The prime minister’s latest proposal on the Border will see UK tied to the customs union

Pro-EU supporters outside the Houses of Parliament in London earlier this month,. Photo : EPA

All sides taking June deadline seriously, with signs now that London is seeking to recast Border backstop deal

What do you tell a state with weird economic data, a kind of an economic boom under way, but still suffering the wounds from the crash?  Photograph: Hannelore Foerster/Getty Images

If we up spending and cut tax, we risk fuelling sectors that may already be overheating

Economic growth: Klaus Regling said Ireland had made an impressive recovery from the crisis, with the highest growth rate in Europe last year. Photograph: Artur Widak/NurPhoto via Getty

Government should boost rainy-day fund plans, says European Stability Mechanism head

Taoiseach Leo Varadkar: already grumbling about the route chosen for the metro. You would wonder will the plan ever get done. Photograph:  Alan Betson

Right to object in Ireland runs deep and seems to override wider public interest

European Stability Mechanism managing director Klaus Regling speaking at the Central Bank on Wednesday.

EU lacks economic risk-sharing between countries inside euro area, says Regling

Jacob Rees-Mogg: When you hear Conservative Brexiteers such as   him talk about Britain deciding what kind of borders it wants to have after Brexit, it is clear they don’t know what they are talking about, or are choosing to ignore reality. Photograph: Matt Cardy/Getty

Commerce needs to take hard Brexiteers to task as basic trade mechanics are overlooked

Bertie Ahern: will his achievements be eclipsed by his shortcomings? Photograph: David Sleator

The former taoiseach resigned 10 years ago this weekend. We assess his legacy

 Medical card and HSE letter: cervical cancer controversy has shone a light again on HSE structures and processes – or lack of them – and its culture and strained relationship with the Department of Health.

Outsourced health agency is political firewall but lack of State control preserves its flaws

There are some signs of more houses and apartments coming on stream, but inevitably this is slow. Photograph: Alan Betson

Renting now more costly than paying off a mortgage in most areas

Soldiers waiting for a container ship to berth at Qingdao Port  in Qingdao, China. The US announced tariffs on $50 billion of  US goods in a dispute over allegations from Washington that Beijing allows Chinese companies to pirate intellectual property from US firms. Photograph:  VCG/VCG via Getty Images

Brexit, trade war and tax changes: a nasty cocktail of uncertainties threaten Irish growth

Minister for Finance Paschal Donohoe: he won’t be trying to repeat the two-card trick of the early 2000s – cutting taxes and increasing spending on the basis of an economic boom which will run out of steam.  Photograph: Sam Boal/RollingNews.ie

We must assume Paschal Donohoe is serious in wanting to avoid past mistakes

Revenue investigations: the organisation is using “extensive information” available under new international data-sharing arrangements. Photograph: Nick Bradshaw

€84m raised under foreign income and assets disclosure initiative

The Apple billions will, as Father Ted might have put it, be “resting in our account”.

Cliff Taylor: Ireland must treat surge in corporate tax revenues with extreme caution

Teachers on a picket line in 2014. File photograph: Cyril Byrne

Trade unions will feel they are shooting at an open goal on the issue of pay parity

The UK has said the Border issue can be solved only in the context of future trade talks. Photograph/Paul Faith/AFP/Getty Images

Cliff Taylor: UK attitude on customs now threatens collapse in talks

Minister for Finance Paschal Donohoe has sent out warnings about the need for  caution, despite the favourable economic outlook, partly due to the danger and considerable uncertainty caused by Brexit. Photograph: Dara Mac Dónaill

Paschal Donohoe dampening expectations ahead of budget

Director of corporate enforcement Ian Drennan denied leaking anything about the INM case to the media. Photograph: Dara Mac Dónaill

Vital test case for director of corporate enforcement follows FitzPatrick trial collapse

Doing nothing could mean huge increases in bills for households in 2020

Minister for Finance Paschal Donohue has sent out hints that not all the money available will be spent on budget day. Photograph: Gareth Chaney/Collins

Government needs to start underlining economic uncertainties we face

Whatever precise mechanism is used, we need a different – and tougher – approach to dealing with those who won’t engage

Different approaches needed for those who have engaged with banks and for those who haven’t

Leslie Buckley, former chairman at Independent News and Media. Photograph: Dara Mac Dónaill

Cliff Taylor: Group's board will ringfence any inquiry and present it as a side-show

US president Donald Trump: using his office to attack American companies creates uncertainty about who could be next in the firing line.    Photograph: Jonathan Ernst

Cliff Taylor: As the US and China gear up for a trade war, there are dangers for Ireland

The MetroLink documents include an outline cost-benefit analysis and an engineering assessment as well as details of the emerging preferred route.

NTA says board kept appraised on project and recent announcement of preferred route

People take part in a protest in Dublin, in support of the woman at the centre of a rape trial after two Ireland ruby players were acquitted. Photograph: Tom Honan/PA Wire

Relationship between sport and sponsors often driven by public response

NTA’s Anne Graham and  Peter Walsh: cost/benefit estimates cover a 30-year period after the Metro starts appearing in 2027. Photograph: Cyril Byrne

Transport-user benefits of €6.8bn to stem mainly from saved journey time, say experts

Cliff Taylor: We need solid evidence before starting this €4bn tunnel

Danny McCoy, chief executive of Ibec: said the Trump administration was ‘concerned this additional tax proposal is targeting US companies’. Photograph: Eric Luke

Lobby group also wary of Macron’s reform agenda

Cliff Taylor: Reform of tax paid by digital companies is now inevitable.

Cliff Taylor: How would it hit our tax revenues?

Britain’s Brexit secretary David Davis and the EU’s chief Brexit negotiator Michel Barnier at a  news conference in Brussels, on Monday. Photograph: Francois Lenoir/Reuters

Cliff Taylor: Key issue of Border remains despite agreement on backstop

US president Donald Trump at a St Patrick’s Day reception at the White House on Thursday. Photograph: Jonathan Ernst/Reuters

Attracting foreign investment to Ireland looks set to become more difficult

US treasury secretary Steve Mnuchin said on Friday that the US “firmly opposes proposals by any country to single out digital companies”.

Proposed interim tax could reduce Irish tax take by several hundred million euro a year

The Border issue is showing no signs of going away. Photograph: PA Wire

Businesses are unlikely to get any more clarity after next week’s crucial summit

Minister for Finance and Public Expenditure and Reform Paschal Donohoe will have to decide how to play this one. Does he have to give some ground in the short term and hope to fight off the more serious measures ? Or does he just say “no”? Photograph: Dara Mac Donaill

New charge chips away at the tax package which Ireland offers to foreign investors

European tax commissioner Pierre Moscovici and Greece’s finance minister, Euclid Tsakalotos, at the Ecofin meeting in Brussels on Tuesday. Photograph: Emmanuel Dunand/AFP/Getty Images

EU leaders to discuss proposed interim digital services tax at summit

The M1 motorway between Dundalk and Newry. Photograph: Bryan O’Brien

Analysis: free movement of people will continue after Brexit – but issue of goods remains

Cars line up to cross into the US at the US-Canada border. The US-Canada border was rolled out again recently by Theresa May as one the ideas the UK was examining. Photograph: Getty Images

UK trying to fudge definition of a hard border as it seeks a way out of a trap of its own making

Mario Draghi, president of the European Central Bank. A key indicator for the ECB is wage increases and a deal last month between German union IG Metall and employers for a 4.3 per cent rise over 27 months will have been seen as some evidence of a return to normal earnings growth.

Cliff Taylor: Irish borrowers could be hit in 2019 as bank continues to retreat from emergency measures

The bill proposes a new regime covering all home mortgages in arrears before January 1st, 2017. Photograph: iStock

Draft legislation would introduce Mortgage Resolution Office with wide powers

Günther Oettinger said funding allocated to the State under a  plan for 2021 to 2017 could be front-loaded to the start of the period.

Irish problem is a European problem, says budget commissioner Günther Oettinger

Taoiseach Leo Varadkar will set his stall out against the digital tax plan at the EU summit on 22nd-23rd March. Photograph: Clodagh Kilcoyne/Reuters

All likely outcomes carry significant dangers to Irish trade and jobs

Tariff decision: Donald Trump with American steel and aluminium executives at the White House on Thursday. Photograph: TJ Kirkpatrick/Bloomberg

Cliff Taylor: US president has imposed tariffs on imported steel and aluminium

Fergal O’Brien, chief economist at Ibec: said businesses still have no roadmap. Photograph: Nick Bradshaw

EU’s draft withdrawal document has raised tensions - and the risk of talks collapsing

The UK is likely to continue to argue that some kind of special solution on the Irish Border will be enough to meet the commitments it made in December. Photograph: Getty Images

Draft of formal legal agreement setting down terms under which UK will leave the EU is published

PTSB has been criticised for turning down a request to appear before the Oireachtas finance committee to answer questions about its plans to sell €3.7bn in mortgages to vulture funds. File photograph: Alan Betson/The Irish Times

Lender is criticised after turning down request to answer questions on loan sale

 Britain’s Labour opposition leader, Jeremy  Corbyn’s formula of staying in the customs union does not solve the conundrum of the Irish Border

Cliff Taylor: For Irish businesses trying to plan for Brexit, the likely outcome here is still as clear as mud and the risk of a h(...)

Ten years after the crash we are left with some 50,000 residential mortgage accounts in arrears of over three months, and another 20,000 buy-to-let mortgages in a similar position. Photograph: Getty Images

The tracker mortgage affair is now being followed by the non-performing loan sell-off

Fianna Fail finance spokesperson, Michael McGrath. Photograph: Alan Betson / The Irish Times

FG and FF discussing if new rules can help those whose mortgage loans are sold

 Fianna Fáil’s John Curran, Michael McGrath, John Lahart and Senator Catherine Ardagh at Leinster House on Tuesday. Photograph: Dara Mac Dónaill

Varadkar indicates Government is willing to take on board concerns over PTSB loans

Computer-generated image Metro North: investment spending lets the economy grow more quickly by increasing its productive capacity.

Vital infrastructure can bolster economy but delivery will be a huge challenge

While a lot of the focus will be on the Metro and roads, a lot of the cash goes towards keeping the lights on

Most forecasters expect house prices to keep rising this year, but at a slower rate

Recent indications that price rises might be slowing quickly scotched by December data

Cost of Brexit: Copenhagen Economics estimates that the UK’s departure from the EU will cause the value of output from key parts of the agrifood sector to fall between 10 and 20 per cent by 2030. Photograph: Aidan Crawley/Bloomberg

Cliff Taylor: More than 30,000 Irish agrifood jobs at risk when UK leaves EU

Traders work on the floor of the New York Stock Exchange  in New York City, the US, during this week’s stock market wobble. Photograph: Spencer Platt/Getty Images

Cliff Taylor: The Irish economy is in a sweetspot but it will not last

The Eurostat decision relates to the 14 big players who manage the vast bulk of social housing  stock in the State and build houses for rental.

Analysis: Decision on housing bodies to have limited initial impact on budget

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