Government pledges to generate 70% of electricity from renewable sources by 2030
Government pledges to generate 70% of electricity from renewable sources by 2030 The Government has pledged to generate 70% of the country’s electricity supply from renewable sources by 2030. The figure is up from the current target for the period, which stands at 55%. The commitment will form part of the new climate action plan […]
Oil prices fall despite tighter global supply
Oil prices fall despite tighter global supply Oil prices fell yesterday, dragged down by concerns about global economic growth as the US-China trade dispute rumbled on, but receiving some support from tightened supply. International Brent crude oil futures were at $67.35 a barrel at lunchtime in London, down 26 cents, or 0.38pc. US West Texas […]
New mortgage lending increased to nearly €9bn last year
New mortgage lending increased to nearly €9bn last year New mortgage lending in the Republic rose by €1 billion to nearly €9 billion last year, according to the Central Bank. This was the largest annual increase since 2009. However, the annual total remains low by historical standards. Prior to the crash, new mortgage lending hit […]
Revenue sets sights on value of private shares
Revenue sets sights on value of private shares Revenue is plotting a crackdown on shareholders of private companies who undervalue their stakes in tax returns. The rules on valuation apply to all unquoted companies – whether it is a large entity operating on a grey market, or a local sweetshop owned by a company. Without […]
Household debt shrinks to 2003 levels but economic risk remains
Household debt shrinks to 2003 levels but economic risk remains Even though household and company debt remain high by international standards, they have fallen sharply and may now be in line with the underlying fundamentals of the economy, according to the Department of Finance. Yesterday’s report did warn that in the event of a downturn […]