VHI INCREASES
The VHI is planning to increase premiums on corporate plans within weeks, The Sunday Business Post reports.
Tag: recession
53% PROPERTY CRASH
Dublin’s property market has now fallen 53% since its peak – a new European record for the worst property crash of modern times, according to The Sunday Times, which quotes new figures released by Sherry Fitzgerald.
CELTIC BOOKMAKERS
The truism that there’s no such thing as a poor bookie was sorely tested last week with the demise of Celtic Bookmakers, which went bust with debts of €6m. According to a report in The Sunday Business Post, former government minister Ivan Yates’ operation is unlikely to be the last chain to fail in a shrinking economy awash with betting shops.
BANKRUPTCY
Ivan Yates’ former party Fine Gael is planning to unveil plans within the next few weeks to overhaul the country’s archaic bankruptcy laws in a bid to boost enterprise and job creation, The Sunday Tribune reports.
COST OF LIVING
The feel-good mantra peddled by the Government about how the real cost of living is the same as 2006 has been punctured by the latest figures for groceries.
AIB, AGAIN
All of the broadsheets note the likely formal state takeover of AIB this week – just what the taxpayer didn’t want for Christmas.
RETAIL WHITEOUT
The weather whiteouts over the past month have decimated retail sales with many stores expecting sharp falls compared with the previous year, The Sunday Business Post reports.
OUR RULERS STILL HAVE NO CLOTHES
Too optimistic. Astonishing. Bizarre. Putative. Writing in The Sunday Times, columnist Damien Kiberd might well have just used a phrase like ‘plain bonkers’ to describe Government projections for its tax intake over the next few years.
BOMBASTIC COMMENT
You can always rely on The Sunday Independent for a bit of bombast. And, on the week that’s in it, who better than Shane Ross to deliver the coup de grace judgment on Budget 2011?
THE BLACK ECONOMY
Taxi drivers, ethnic shops, ebay sellers, market stall holders, fast food outlets and couriers are among those being targeted by the Revenue in a crackdown on the now burgeoning ‘shadow’ economy, according to The Sunday Business Post.
YO, HO, BLOODY HO…
If any Machiavellian spin doctor had bad tidings to announce, this would have been the week to get them out there. The media preoccupation with the possible ramifications of the government’s four-year austerity measures and the likely impending bailout left little room for other business stories in the Sunday broadsheets.
PERSONAL INDEBTEDNESS
“Personal indebtedness is at unprecedented levels in Ireland and with lower wages and higher taxes pushing people to the brink, the delay in introducing a modern bankruptcy system is simply storing up trouble further down the road,” writes Gareth Naughton, personal finance editor at The Sunday Tribune.
NATIONAL RECOVERY PLAN & PENSIONS
Our friends in Acumen & Trust have isssued the folowing note on the pension implications of the National Recovery Plan.
On 24th November 2010, the Government published the National Recovery Plan, which aims to rectify the country’s monetary position. This signals some potentially radical changes to pension funding and benefits.