Peace walls in Belfast: in September, if we appear to be heading towards a no-deal Brexit, the Border issue will move centre stage. Photograph: Enda O’Dowd

Cliff Taylor: Economic hit will be harder, uncertainties great and politics possibly toxic

The picture in international markets is darkening: what does this mean for your household finances? Photograph: iStock

Smart Money: The four key things to watch for your finances

In a world where doors are being closed, Ireland’s card is to remain open to trade, to immigration, to our role as a kind of bridgehead for companies entering the EU’s market

With Brexit threats and Trump tariffs, it’s time to focus on the big issues

The economies of Northern Ireland and the Republic are very different in many respects. Photograph: Toby Melville/Reuters

Smart Money: Taoiseach spoke of new state – research shows the economic challenges

US president Donald Trump, and Xi Jinping, China’s president in Beijing 2017.  Photographer: Qilai Shen/Bloomberg via Getty

Nervous markets watch as new aggression replaces old rules of interdependence

Demonstrators march to vent their frustrations over Britain’s inability to agree on a plan to leave the European Union, in London. Photograph: Andrew Testa/The New York Times

Government risk register issues a clear warning about Northern Ireland and no-deal

Prime minister Boris Johnson. The rhetoric of the UK government suggests that a no-deal can be survived – albeit with a few bumps and bruises – and that the UK can thrive afterwards. Photograph: Kirsty Wigglesworth/PA Wire

Cliff Taylor: Does the British PM really expect to be rewarded for leaving EU by October 31st?

As the State’s economy reaches full employment, the role of migrants in filling jobs becomes more important. Photograph: iStock

Smart Money: Key sectors now rely on migrants to fill up to half of new jobs

 A currency exchange board in London on  July 30th, 2019. The pound has slumped against the dollar and euro. Photograph: Will Oliver

Central Bank estimates 34,000 fewer jobs by the end of 2020 if UK crashes out of EU

Ashoka Mody, economics professor at Princeton University, New Jersey, said a crackdown on tax shifting by US authorities was the most likely source of pressure on Ireland

Former IMF official says corporate tax regime helped Ireland rebound from crisis

Former minister for finance Michael Noonan: delayed the implementation of new interest limit rules until 2024. Photograph: Gareth Chaney Collins

European Commission may take State to court for stalling implementation until 2024

Minister for Finance  Paschal Donohoe Photograph: Alan Betson

Strong track record with multinationals may provide State with some protection

Taoiseach Leo Varadkar’s intervention into the housing market debate “was nuanced, focusing just on the deposit rule”. Photograph: Michael McHugh/PA Wire

We need to concentrate on affordable homes, not unaffordable loans

Pascal Saint-Amans, the tax director at the Organisation for Economic Co-operation and Development. Photograph: Nick Bradshaw

Proposed minimum corporate tax rate could affect State’s ability to attract FDI

Facebook’s Mark Zuckerberg leaves the Merrion Hotel after meeting the Oireachtas Communications Committee. Photograph: Tom Honan/The Irish Times.

The days of Ireland using its corporate tax regime as a key attraction for foreign direct investment may be numbered - but where d(...)

Minister for Finance Paschal Donohoe will likely be presenting his budget for 2020 in early October with a no-deal Brexit threat hanging over us, but still no clarity. Photograph: Gareth Chaney Collins

Forget talk about tax cuts and €5 extra week for all welfare recipients

The latest figures have led forecasters to downgrade their estimates of mortgage borrowing for the full year.

Smart Money: With house prices and construction stalling, what’s going on?

Photograph: Bryan O’Brien/The Irish Times

Explainer: the backstop plan is now the crunch issue between London and Brussels

Leadership candidate for Britain’s Conservative Party Boris Johnson: to head towards a no-deal, he will tout non-existent alternatives, say they mean the backstop guarantee is not needed and try to blame the EU – and Ireland – for a lurch towards a no-deal. Photograph: Simon Dawson

Cliff Taylor: The route to a deal between Boris Johnson and the EU looks impossibly narrow

The sterling exchange rate is vital for Irish exporters, for tourism, for cross-border and online shopping and for the the tens of thousands of people and businesses who operate some parts of their lives in the two currencies.

Smart Money: How does a plunge affect the economy and consumers?

‘The view here seems to be that if the UK does crash out we will be back’

One wonders if the Irish have a plan or are just hoping for the best

The magic sauce which makes some schools better than others is hard to identify.

Smart Money: Going to a fee-paying school does not guarantee the best education

Tánaiste Simon Coveney with Minister of State for European Affairs Helen McEntee: Mr Coveney promises there will be no infrastructure on the Border. Photograph: Gareth Chaney Collins

Coveney refers to non-Border ‘action’ on goods from North as pessimism grows

The Government estimates  a no-deal Brexit could cost the exchequer more than €6 billion next year. Photograph: iStock

No-deal scenario will move a lot of the pain into a shorter period and increase costs

The problems of Ireland’s beef sector “are mostly unrelated to a deal which opens up an additional 1.25 per cent of the EU beef market”.

Deal pushes back against unprecedented challenges to free trade

Smart Money: Five key points on how taxes here compare with the rest of EU, and why it’s important

Investors are betting that Christine Lagarde’s nomination to be the next president of the European Central Bank will extend an era of ultra-loose monetary policy in the euro zone.

Bond investors cheer Christine Lagarde’s nomination for ECB presidency

Christine Lagarde’s lack of economic training and experience in monetary policy will prompt questions about her nomination as ECB president. Photograph: Saul Loeb/AFP/Getty Images

Nominee as head of European Central Bank an experienced and pragmatic politician

Taoiseach Leo Varadkar and Minister for Finance Paschal Donohoe, who faces a tricky job in framing the forthcoming budget. Photograph: Dara Mac Dónaill

Cliff Taylor: An old-style pre-election budget would be a recipe for economic trouble

Controversy surrounding Gabriel Makhlouf, the man appointed as the next governor of the Central Bank is an embarrassment for Minister for Finance, Paschal Donohoe. Photograph:  Niall Carson/PA Wire

Would NZ treasury chief have got Central Bank job if controversy blew up before interviews?

Smart Money: workers in areas most exposed to Brexit are amongst the least well-off

 Minister for Finance Paschal Donohoe has said that in the event of a no-deal Brexit, the Government would allow the budget to go into deficit next year. File photograph: Clodagh Kilcoyne/Reuters

The key decisions set up by the summer statement – and what they mean for you

Money available for new measures on budget day will be limited

Minister’s presentation is one of the key steps toward the budget for next year

Minister for Finance Paschal Donohoe: there will be limited room on budget day for any additional spending or tax measures beyond those already signalled. Photograph: PA

Government facing budget deficit if UK crashes out of EU

Minister for Finance  Paschal Donohoe: Brexit makes an almost impossible backdrop for budget planning. Photograph: Niall Carson/PA Wire

Budget 2020: It is vital that initial plans for next year are modest

ECB governor Mario Draghi this week sounded a clear alarm bell about the state of the euro zone economy. Photograph: AFP

Smart Money: Unexpectedly, EU and US rates may decline again

With Irish mortgage rates still well above the EU average, there is simply no excuse for borrowers not to benefit from the latest extraordinary developments in interest rates markets.

Cliff Taylor: The days of ‘money for nothing’ might not be over

In the four quarters to the first three months of this year, there were 2,500 more units built than sold nationwide, with most of this occurring in Dublin.

Cliff Taylor: Barriers remain high, including the sheer cost of erecting a home

‘No way exists which combines the kind of Brexit which the DUP has supported with the absence of a trade border on the island.’ Photograph: Paul Faith/AFP/Getty Images

Cliff Taylor: Britain’s next PM may be willing to run the risks to the North of a no-deal exit

We’ve never had it so good?

Smart Money : As salaries increase, who is cashing in and why are many missing the feelgood factor

Maria Bailey:  case has added  political fuel to stories about soaring insurance costs and threats to jobs. Photograph: Niall Carson/PA

Maria Bailey incident highlights high claims costs and expensive insurance

Minister for Finance  Paschal Donohoe. He has  warned that he would oppose any measure which limits the legitimate use of tax competition to attract foreign investment to Ireland

Minimum effective tax rate on corporate profits now on the agenda

The Central Bank is warning that funding and regulatory pressures could lead to a rise in longer-term fixed rates in future

Smart Money: In many EU countries, borrowers can fix rates cheaply for long periods

Minister for Finance Paschal Donohoe’s  case is that corporation tax reform should be moderate, rather than dramatic. Photograph: Alan Betson

Minister faces task of weaning exchequer off drug of corporate tax revenue

British prime minister Theresa May leaves after delivering a statement in London on Friday. Photograph: Toby Melville/Reuters

Cliff Taylor: Extended Brexit logjam looks inevitable as Conservative leadership drama plays out

The total number of people at work rose by a record 35,200 compared to the final quarter of 2018 and by 81,200 since the same time last year.

Smart Money : Employers are now shouting loudly about skills shortages, pressure on wages and the impact the housing crisis is hav(...)

Paris gathering: The US underlined its opposition to unilateral action on a digital sales tax. Photograph: EPA

Issue due to be addressed at Dublin conference on Thursday

Property prices may strongly surge again, the OECD says. Photograph: iStock

Disorderly Brexit ‘could plunge the economy into a recession’

The whole focus in London is back inwards to the bear pit of British politics rather than outwards to what the EU might actually agree to, or even what might be in the UK’s best long-term interest. Photograph: Getty Images

The talks between the Conservatives and Labour have collapsed, and the focus at Westminster remains inward

Conceived during the crisis, the broadband plan was designed to minimise the up-front cost. Whether that is now the best option to deliver long-term value for money is the question.

Smart Money: What we aren’t we being told – and why?

Share prices in the US and China  – and internationally – have fallen sharply due to fears that the deepening trade war will hit global growth. Photograph: Getty

Q&A: China’s retaliatory tariffs on US goods is the most serious turn in the dispute so far

British  prime minister Theresa May  during a visit to the Bombardier plant in Belfast last year. Look at the market for aircraft parts and maintenance and you realise, yet again, the nonsense surrounding the free-trade delusions of the Brexiteers. Photograph: Reuters

Fantasy world meets reality of a UK industry deeply embedded in EU economy

Smart Money: Changes to tax regime could make it more difficult to attract foreign investment

Minister for Finance Paschal Donohoe told the conference  the department was concluding work to help forecast and plan the collection of corporation tax in future.

Loss would be incurred due to OECD reform process

While public sector pensions have been protected, those for many private sector employees have been savaged. Some kind of new balance is needed. Photograph: Getty Images

It is nonsense that all future public servants should benefit from a very generous pension scheme which 200,000 of its members alr(...)

ASTI delegates during the annual convention in Wexford during debates on the motions on  teachers’ pay. Photograph: Alan Betson / The Irish Times

Smart Money: cost of housing is putting pressure on wages and the unions are prioritising better pensions

One area highlighted by Paddy Cosgrave was the use – or misuse – of special funds and structures , designed mainly for companies operating from the IFSC. Photograph: Bryan O’Brien

Change driven by the OECD is on the way and we have to be ready

 The  carbon tax rate currently amounts to about 5 cent on a litre of diesel or around €2.40 on a 40kg bag of coal. Even doubling the rate, the ESRI said, would only increase diesel prices by about 7%. Photograph: Lewis Whyld/PA Wire

Smart Money: We need to cut emissions and avoid big fines – but politicians are nervous

 OECD research shows that the average net cost of childcare –  counting in child benefit and other State supports – is around 28%  of average earnings, compared to the EU average of 12%

Cliff Taylor: There is more than a suspicion that the interests of landowners continue to get priority

Brexit: The uncertainty just rolls on . . . and on. Photograph: PA Wire

Brexit cliff-edge avoided – for now – but uncertainty rolls on

 The border crossing-point from Louth  as  through the southern most tip of Co Armagh. Photograph: Alan Betson / The Irish Times

New Government notices to importers say checks will be needed in case of no-deal

 Leo Varadkar speaks to the press after a meeting with the French president on April 2nd. Photograph:  Ludovic Marin/AFP/Getty

Ireland will be nervous of short extension of UK exit date and will argue for longer period

Few taxes can have been the subject of more reports and analysis than the local property tax. Photograph: Getty Images

The property tax joins the carbon tax in the long grass

Photograph: iStock

Smart Money: LPT stays fixed for 2020. But we know where higher bills may hit in 2021.

 A member of the public is silhouetted against the Houses of Parliament in London, England.  Photograph:  Dan Kitwood/Getty Images

Six key points from the Irish viewpoint as the UK parliament failed to find a way forward

If the UK comes back to the table after a no deal seeking talks with the EU, a backstop-type arrangement in future will be straight back on the agenda. Illustration: Getty

Cliff Taylor: Government would support long UK extension to avoid a no-deal nightmare

The European Parliament is targeting economies that are used for aggressive tax planning by multinationals. Photograph: iStock

Smart Money: Ireland strongly criticised for helping multinationals to cut their tax bills

 A change in road markings marking the Border between the Republic  and Northern Ireland, outside the town of Middletown. Photograph: Neil Hall/EPA

UK’s proposals for a crash-out are not sustainable while Ireland will also face pressure

Anti-Brexit signage in the village of Jonesborough, on the border between Dundalk and Newry. Photograph: Niall Carson/PA Wire

Government wants no border checks, but EU will insist single market is protected

German chancellor Angela Merkel and French  president Emmanuel Macron in Brussels at the end of the EU summit focused on Brexit. Photograph: Ludovic Marin/AFP/Getty Images

Powerful forces in the EU and UK just want Brexit over with – if only it were that easy

A man with painted EU and British flags on his face is seen ahead of a EU Summit in Brussels. Photograph: Toby Melville/Reuters

EU agrees to give UK more time, but key House of Commons vote still due next week

Brexit: As always, a number of outcomes are possible. Photograph: EPA

Uncertainty could now last well into next week as the endgame plays out

Peter Mark hair salon on Grafton Street celebrates the reduction of the VAT rate on hairdressing to 9% in 2011.

Smart Money: The rise fed through to prices immediately – and so would Brexit tariffs

Minister for Finance Paschal Donohoe said that ‘given the concerns of our citizens I accept that we will have to make changes globally’.  Photograph: Chris Ratcliffe/ Bloomberg

Cliff Taylor: New move changing how big companies are taxed raises serious questions for Ireland

More than half of the Republic’s €1.4 billion beef exports go to the UK, and dairy would face tariffs too. Photograph: iStock

Irish beef could be priced out of UK market, dairy would also suffer

Jean-Claude Juncker, President of the European Commission,   welcomes British prime minister Theresa May in Strasbourg. Photograph: Patrick Seeger/EPA

Cliff Taylor on the Strasbourg deal, the Cox advice, the vote, and what happens next

A pro-EU demonstrator outside of the Houses of Parliament in London. Photograph:  Tolga AKMEN/AFP/Getty Images

With under three weeks until Brexit Day, anything could happen

Britain’s attorney general Geoffrey Cox. He is a lawyer sent to do a politician’s work to ensure the UK is not “trapped in the backstop”. Photograph: Reuters/Peter Nicholls

The UK worries about being “trapped” in a backstop – but can’t present an alternative

Would a change to the rules which allows Irish banks to write-off tax against losses   be shooting Irish taxpayers in the foot?

Smart Money: Banks and insurers will not pay up to €12bn in tax due on profits unless rules are changed

The big tech firms continue to drive demand for new office space, and the Dublin crane count remains high. In fact, while the whole economy would take a hit from a no-deal Brexit, Dublin would have a lot of insulation. It is rural Ireland which stands exposed

Cliff Taylor: Whatever happens we have seen the best of the bounce-back boom

Average weekly earnings were €761.65 in the fourth quarter of last year

The Smart Money: Irish wage growth is storming ahead - but issues remain

Conservative MP Jacob Rees-Mogg: ‘If it’s being delayed as a plot to stop Brexit altogether ... it would undermine our democracy.’ Photograph: Leon Neal/Getty Images

Mays says if MPs reject deal, they can vote on no deal and on extending article 50

In a document examining the impact on business of a no-deal exit, the UK government says that the cumulative impact from a no-deal on the Northern Ireland economy would be “more severe” in the North than elsewhere in the UK. Photograph: iStock

UK government committed ‘to avoiding a hard Border’ in any scenario

 Minister for Foreign Affairs and Trade Simon Coveney   outlining   plans for a no-deal Brexit at Government Buildings. Photograph:  Sam Boal/

Cliff Taylor: Government would need to embark on a major programme of assistance for the companies affected

 Les Reilly, the owner of Reilly’s Daybreak Store in the Naul, north county Dublin celebrates pictured with staff and customers after selling the winning €175 million EuroMillions ticket as David Woods (left) area rep with the National Lottery sprays the champagne. Photograph: Mac Innes Photography

Smart Money: why do lotto players ignore the odds? Economics has a surprising answer

The Irish beef market is particularly exposed to a no-deal Brexit, but the dairy industry could also face massive upheaval. Photograph: iStock

Reliance on UK market combined with tariffs and bureaucracy represent nightmare scenario

British prime minister Theresa May, EU chief Brexit negotiator Michel Barnier  and European Commission president Jean-Claude Juncker in Brussels. Photograph: Geert Vanden Wijngaert/AP

Euro-zone slowdown makes a Brexit extension more likely to be accepted by Europe

INMO members on the picket line outside St. James’s Hospital in Dublin. Photograph: Dara Mac Dónaill

Smart Money: public pay bill under pressure and looks set to remain that way

“The nurses are wrong to link their pay issues with the national children’s hospital overrun – one is a massive one-off, the other an ongoing bill.” Photograph: Brian Lawless/PA Wire

The health system swallows money without delivering any necessary improvements

The ballooning cost of the children’s hospital has placed the Government in a near impossible position of continuing in the face of huge extra cost, retendering or abandoning the project.

Smart Money: All the classic project overrun mistakes are evident in this debacle

Win any (pub) argument with our Brexicon. These pro- and anti-Brexit protesters outside the British parliament have definitely read it. File photograph: Peter Nicholls/Reuters

From Bino to Remoaner, we give you the essential tools to hold a Brexit pub conversation

Anti-Brexit posters displayed in Newry on the Northern Ireland Border. Photograph: Stephen Collins/Collins Photos

UK government establishes special group to look at alternatives to proposed backstop

The union says it has never asked for 12 per cent and disputes these figures as ‘spin’

Smart Money: There are four key economic questions behind the nurses’ strike

Trade experts say that technological solutions and advanced procedures can reduce the need for physical border controls and checks but not eliminate them. Photograph: Stoyan Nenov/Reuters

Cliff Taylor: Brexiteers see border issue as technical, for Ireland it is much more

Kit Malthouse, right – who gives his name to the Tories’ Malthouse compromise – and Boris Johnson in 2011. Photograph: Matthew Lloyd/Getty Images

Industry figures trash Tories’ reheated idea of technology plus checks away from Border

 For the moment, Minister for Finance Paschal Donohoe will not change his spending and tax plans – for this year anyway. File photograph: Dara Mac Dónaill/The Irish Times

Failure to reach agreement would reduce growth sharply, with rural Ireland exposed

Any successful amendments will not have the force of law, but will carry heavy political weight as a signal to Downing Street and Brussels of what kind of Brexit MPs are likely to approve. Photograph: Tolga Akmen/AFP/Getty Images

Four main strategies are being proposed - some more attractive to Ireland than others

At the World Economic Forum in Davos, Taoiseach Leo Varadkar said the Army might be needed at the Border following Brexit. Photograph: Gian Ehrenzeller/EPA

Taoiseach Leo Varadkar faces ultimate political call on Brexit

Markets appear to have chosen to take a positive view of the Brexit outcome  based largely on the view that the House of Commons does not support a no-deal Brexit. Photograph: Bloomberg

Smart Money: Is now a good time to make a big sterling purchase or should you wait?

Close to the Border between Dundalk, Co. Louth and Newry, Co. Down. Photograph: Dara Mac Dónaill

If UK imports chlorine-washed chicken from US, what stops it entering Irish and EU markets without checks?

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