President Michael D Higgin:  seminar questioned why there is  something broken in the way modern economies work.  Photograph: ©INPHO/Ryan Byrne

Housing crisis requires new approaches in order to deliver for the younger generation

Apartments in Dublin’s Heuston South Quarter. Photograph: Fran Veale

Smart Money: Rents in Ireland remain among the highest in Europe. Why?

Anti- and pro-Brexit protesters outside the houses of parliament in London. Brits go the polls on December 12th in a general election. Photograph: EPA/Hollie Adams

Brexit battleground during election campaign will focus on three key areas

UK prime minister Boris Johnson and US president Donald Trump in New York in September. Photograph: Doug Mills/New York Times

As the UK opens its markets to countries like the US, the EU will tighten its border controls

An official report this year quoted figures showing productivity in the building sector was well below the EU norm.

Smart Money: technology and training are acknowledged as key areas

British prime minister Boris Johnson during an election debate in the House of Commons. Photograph: Jessica Taylor/EPA/UK parliament handout

Ireland’s interest is avoiding a no-deal, but election will shape the impact of Brexit on us

Christine Lagarde and Mario Draghi: international economic relations are a bear-pit, with trade wars, threats of competitive currency devaluations, Brexit and slowing growth. Photograph: Eric Piermont/AFP

Incoming ECB president faces a Europe in stagnation which could tip into recession

Urban sprawl is spreading again, out from the greater Dublin region, raising big questions for housing and planning. Photograph: Gareth Fuller/PA Wire

Smart Money: First-time buyers again being pushed out to commuter counties

If Boris Johnson loses a key  procedural vote on Tuesday  then what happens next  becomes a bit less predictable.  Photograpgh: Getty

Johnson wants to get the Brexit deal legislation through the Commons in three days

UK prime minister Boris Johnson. “This is Johnson’s deal and the one he will either get approved now or will go to the people with in an election.” Photograph: Simon Dawson/Bloomberg

Deal had to be done – but politics made it impossible to avoid significant risks

Boris Johnson, Leo Varadkar and Angela Merkel: smiling today,  but what about tomorrow? Photograph: PA Wire

Cliff Taylor: The backstop is gone, replaced by a permanent arrangement for the North

Fine Gael would plan to cut income tax if it got back into office after the next general election, Paschal Donohoe, the Minister for Finance said on Wednesday

Smart money: Is now the right time for politicians to be promising tax cuts?

UK prime minister Boris Johnson has a flu jab in Downing Street on Monday morning before the state opening of parliament.  Photograph: Jeremy Selwyn/PA

What are the hard questions the EU is asking about the latest proposals

Taoiseach Leo Varadkar meeting UK prime minister Boris Johnson at Thornton Manor Hotel, on The Wirral, Cheshire on Thursday, ahead of private talks in a bid to break the Brexit deadlock. Photograph: PA

The game has changed, and Brexit talks have become even more complicated

Is acceptance of the carbon tax all about trusting the Government to use the money wisely? Photograph: PA

Smart Money: Will it work? Is it fair? Will the money be wasted?

Photograph: iStock

Rise will give cash flow boost to Exchequer

Minister for Finance and Public Expenditure and Reform Paschal Donohoe is to announce Budget 2020 on Tuesday. Photograph: Gareth Chaney/Collins

Rise in commercial stamp duty to help cover cost of more care hours, gardaí and allowances

Minister for Finance Paschal Donohoe will have to contend with some key budget battlegrounds.

With an election due nobody will be holding back – so what will cause the biggest political rows?

Politicians thrive on the creation of half-way houses and compromises. Borders, on the other hand, don’t do fudges. They require documents, checks and people to stop trucks and look inside them.  Photograph: Getty Images

The Government will sit tight for now – but a Johnson-style Brexit raises big questions

Minister for Finance and Public Expenditure and Reform Paschal Donohoe. Photograph: Gareth Chaney/Collins

Corporation tax again ahead of target, helping to pay for €450m overspending

The Minister for Finance and Public Expenditure and Reform, Paschal Donohoe: The Department of Finance completed public consultations of the range of reliefs available to entrepreneurs earlier this year

Changes will be set in the context of Brexit and the need to ensure start-up regime is competitive with other locations

 Minister for Business, Enterprise and Innovation Heather Humphreys (above) and Minister for Social Protection Regina Doherty are working jointly on the plan. Photograph: Gareth Chaney/Collins

Budget initiative will target ‘vulnerable but viable’ firms to support in no-deal scenario

Minister for Finance Paschal Donohoe. File photograph

Analysis: There is a political cost – but avoiding an emergency budget was key goal

Indications are that the “€5 a week “ given in welfare increases and tax cuts in recent years will not happen.

Smart Money: How will it affect the cash in your pocket?

The Irish border between Newry and Dundalk. Ireland is unlikely to be receptive to Johnson’s offer. Photograph: Niall Carson/PA Wire

The EU will not compromise on protecting the single market

The new figures take account of the State’s initial investment, the sale of shares, the dividends and interest from the banks and the complex cost of bailing out Anglo Irish Bank and Irish Nationwide. File photograph: Bryan O’Brien

Report adds up to estimated €1.3bn a year to the cost of servicing national debt

In total, almost 124,000 of the interventions by Revenue led to more tax being paid. Photograph: iStock

Over 460,000 interventions made taxpayers with an average payment of almost €84,500

Minister for Finance Paschal Donohoe: the vast amount of the extra resources from above-target corporation tax have gone to cover the financial hole created by overspending, particularly in health. Photograph:  Brian Lawless/PA

The vast bulk of extra cash has gone on spending and this is not going to change

A €10 increase would add around €1.70 to a 60 litre petrol fill. Photograph: Getty Images

Key issue will be whether there is a programme of successive yearly rises

The Irish Government will continue to insist on the idea of regulations staying the same in the North and South as part of the backstop. Photograph: Paul Faith/AFP/Getty

Plan to diverge from EU rules is economic nonsense but do not assume it won’t happen

Time to fill up? A €10 increase in carbon taxes in Budget 2020 would add around €1.70 to a 60-litre petrol fill. Photograph: iStock

Smart Money: The five areas where your pocket could be hit

There isn’t a lot of point building houses at prices people cannot afford. Photograph: Jason Alden/Bloomberg

Property market stacked against young buyers and families trading up

Inspection facilities being built at Dublin Port in advance of Brexit. Photograph: Alan Betson/The Irish Times

A comprehensive guide to the massive impact likely if the UK crashes out of the EU

British prime minister Boris Johnson in Dublin on Tuesday: has signalled some desire to talk and proposed an all-Ireland zone for animal and food safety. Photograph:  Charles McQuillan/Getty

How might a Northern Ireland-only compromise look and how might it work?

Is Ireland the right place at the right time for phantom investments? The Minister for Business, Heather Humphreys pictured at IDA Ireland’s annual results last year. Photograph: Dara Mac Donaill

Smart Money: Is Ireland’s reputation on tax is taking a big battering

 Minister for Finance   Paschal Donohoe  during a media briefing outlining his Budget 2020 strategy at   Government Buildings on Wednesday. Photograph: Gareth Chaney/Collins

Analysis: Message the Government wants to send out is this may be difficult for Ireland but it is manageable

US deputy tax leader at PwC Pam Olson,   will speak in Dublin next Tuesday at the 2019 PwC Irish Times Tax Summit

OECD deal could lead to major multinationals paying less tax in Ireland, says leading consultant

Taoiseach Leo Varadkar with British prime minister Boris Johnson at Government Buildings, Dublin, on Monday morning. Photograph: Dara Mac Dónaill

Irish Border and backstop remain central to any breakthrough

The road outside Newry, Northern Ireland,  near the Border with  Ireland. We are, for now, only spectators in the Westminster drama, with no way to influence whether a no-deal happens or not. Photograph: Paul Faith/AFP/Getty Images

One thing is certain - a no-deal threatens a nasty economic sucker-punch for 2020

The specific measures outlined by the Children’s Rights Alliance would cost just under €300m. File photograph: Getty Images

Proposals to tackle child poverty sound costly, but are tiny in terms of overall spend

Rearing beef is now a loss-making business in itself for most farmers, with EU supports needed to move family income from farming into positive territory and off-farm earnings needed to keep afloat.

Cattle farming is a loss-making business for most in sector

The Old Belfast Road in Carrickcarnon on the North side of the  Border, between Newry and Dundalk. Photograph:Niall Carson/PA Wire

Irish position is that any negotiations must be conducted with the EU

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

More articles