WELCOME TO THE HOUSE OF FUN!
So the IMF have entered the House of Fun…what are the implications for Irish businesses and the Irish taxpayer? We were already facing into a scathing budget on 7 December, but will this now be even more draconian?
Tag: recession
THE GAME IS UP
Armageddon, Doomsday. Take your pick of scenarios – the main stories on all of the quality Sundays are practically interchangeable; and the end is most definitely nigh.
MORTGAGE ARREARS
Home owners who have already negotiated payment breaks on their mortgages may also be able to avoid paying interest on up to a third of their loans over several years under new Government proposals due to be published this week.
GOLF
And just when you thought that having more time on your hands would at least do your handicap the world of good, along comes a survey saying up to 50 more golf courses in Ireland are likely to close over the next three to five years.
MORTGAGE ARREARS
Banks have renegotiated the terms on up to €10 billion in mortgages for hard-pressed borrowers, according to a report in The Sunday Tribune.
WHERE THERE’S MUCK…
People all over Ireland are clearing out their attics in the hope of finding valuable items that they can turn into much-needed cash, The Sunday Business Post reports.
BORROWING FROM BERLIN
The National Treasury Management Agency (NTMA) may as well “pack its bags for next year” because it hasn’t the proverbial snowball’s chance in hell of raising a red cent from international bond markets, according to lead story in The Sunday Tribune.
BUDGET 2011 EDUCATION CUTS
Proposed spending cuts of €400m on education are among the key sticking points between Fianna Fail and the Greens in agreeing the upcoming Budget, The Sunday Business Post reports.
TURN OFF THE LIGHT
When the lights go out and the heating gets turned off things must be really bad financially. The energy regulator has finally acknowledged that individuals who allow this to happen are the ones who are least able to pay disconnection fees of up to €197.
THE BUDGET
This week’s speculation on what we can expect to see in the December Budget focuses on cuts to all welfare benefits, the slashing of tax credits and a new property tax. The Sundays are awash with the details of proposals being discussed and numbers being crunched.
PRICE HIKES
Fears of impending international food shortages, rising fuel costs and increased subsidies for biofuels have combined to attract increased interest from investors in food and agriculture stocks, The Sunday Independent reports.
MORTGAGE ARREARS
Banks face foregoing millions of euro in mortgage repayment income as a result of radical recommendations from a Department of Finance expert committee that would allow struggling debtors delay payment on up to 33% of their home loans for several years, The Sunday Independent reports.
XTRA-VISION VS. CHARTBUSTERS
Xtra-vision is in talks to take over Chartbusters, its main rival, according to reports in several newspapers.