Business News

AIB gears up to launch $2bn Project Redwood loan sale

19th October 2017

AIB is preparing to launch the largest non-performing loan sale in its history next month as it embarks on the final phase of its post-crisis balance sheet purge amid a fresh crackdown on the sector from the European Central Bank. It is understood soured loans with a face value of close to €2bn will be […]

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‘I wanted to retire by 50 so I could enjoy life. My advice? Start saving’

13th October 2017

Beryl Dunne, an IT manager who lives in Bray, Co Wicklow, is semi-retired and said she had to ramp up her payments so that she could retire when she wanted. “I wanted to retire by 50 so, health-wise, I could enjoy life. Also, I felt that by the time I came to retire the State […]

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Explained: Why women are losing out on their pension payments

13th October 2017

Changes to the way the State pension payment is calculated were introduced in 2012. The new rules hit women hard. They are typically losing around €35 in payments. And they will not get the full €5 rise in the State pension announced in this week’s Budget. Personal Finance editor Charlie Weston looks at all your […]

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The winners and the losers after Paschal’s ‘safe and steady’ Budget

12th October 2017

Finance Minister Paschal Donohoe has delivered his first Budget and it’s safe to say it was a bonanza for nobody, but who has fared the best? WINNERS: Social welfare recipients Social welfare recipients are set to receive a €5 increase to their weekly payments. While the amount has been criticised by some, it is the […]

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Nama: we won’t blacklist borrowers for loans

12th October 2017

Nama’s top bosses have moved to pre-empt criticism of the agency’s new role managing the Government’s latest housebuilding fund, including telling the Irish Independent they’ll work with builders regardless of any previous disputes. Since 2009 most of the country’s main builders have had some or all of their debt in Nama and in a significant […]

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Nama: we won’t blacklist borrowers for loans

12th October 2017

Nama’s top bosses have moved to pre-empt criticism of the agency’s new role managing the Government’s latest housebuilding fund, including telling the Irish Independent they’ll work with builders regardless of any previous disputes. Since 2009 most of the country’s main builders have had some or all of their debt in Nama and in a significant […]

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10 things you’ll hear an Irish person say on Budget Day

10th October 2017

It’s the one day when the most popular thing for Irish people to talk about is not the weather. Budget Day gives us an incredible amount of mileage to air our views to anyone who will listen. Which mostly involves plain old giving out. Here are ten of the things you’re likely to hear next […]

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10 things you’ll hear an Irish person say on Budget Day

10th October 2017

It’s the one day when the most popular thing for Irish people to talk about is not the weather. Budget Day gives us an incredible amount of mileage to air our views to anyone who will listen. Which mostly involves plain old giving out. Here are ten of the things you’re likely to hear next […]

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No fireworks’ and no ‘big bonanza’ in Budget 2018 – Leo Varadkar

10th October 2017

Budget 2018 will have ” no fireworks” and no “big bonanza”, according to Taoiseach Leo Varadkar. But he said the series of tax and spending measures will ensure the country’s books are balanced, as well as giving a little back to hard working families. Speaking on his way into government buildings ahead of Cabinet, Mr […]

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Telephone Allowance gets priority over Bereavement Grant in Budget 2018

10th October 2017

The Telephone Allowance is to be brought back from October 2018, Independent.ie has learned. A decision was taken to prioritise the allowance which was abolished in 2014 over the restoration of the €850 bereavement grant. Independent Alliance ministers had sought both payments to be included in today’s budget but were told by Finance Minister Paschal […]

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