Ibec | Business Post

Eurozone inflation falls to 2.4 per cent

The fall in inflation is one of the clearest signs yet that the ECB’s interest rate hikes are working

Revenue faces backlash over new staff benefits reporting rules

From January, companies will be required to tell Revenue in real time if they pay non-taxable benefits but many are unhappy about the plan

Ray Wilson, Plenary director: €9.5bn price tag for Dublin MetroLink ‘sounds deliverable’

Estimates for metro project in the capital range from €7.16 billion to €12.25 billion

Irish manufactuers warn of further cost increases as hiring is forecast to slow sharply

The 2023 Manufacturing Report from Ibec shows companies are still worried about cost inflation and are planning to hire less staff this year

Sharp fall in corporation tax revenues a clear warning that Ireland cannot rest on its laurels

Budget 2024 has introduced many welcome measures, but issues like housing must be addressed to allow for an increased labour force

Tech firms demand time to assess ‘raft’ of new laws affecting business

One business leader says guidance is needed to clarify what is required from firms to comply with new laws such as the forthcoming Artificial Intelligence Act

Ibec’s budget ask: bolster businesses squeezed by living wage increases

Sharon Higgins of the business lobby group says policy change will raise firms’ pay bill by a quarter, and create knock-on challenges for firms

Government playing ‘reputational high-wire act’ on corporate tax, warns Ibec

The business lobbying group has three key priorities for the budget: the National Training Fund, the minimum wage and R&D tax credits

Show us the money: what industry wants from Budget 2024

With all signs pointing to a big budget, business groups have been pitching to get increased spending, tax cuts and other perks for their sectors. Here’s what they want

Ibec calls for 9% Vat rate for hospitality to be kept as minimum wage set to rise

The business representative group said that retaining the special rate is vital supporting jobs in the sector

Economy’s outperformance won’t last ‘indefinitely’, Ibec warns

Domestic demand is forecast to grow by 3.4 per cent this year, but is expected to slow to 2.3 per cent in 2024

Ibec calls for new €30bn infrastructure fund as part of pre-budget submission

The employer’s representative body said the government needed to increase spending on infrastructure to tackle the “systemic congestion” in the economy right now

John Walsh: Our housing provision system is at breaking point and needs a radical overhaul

Ibec’s idea to use rising tax revenues for a national infrastructure fund makes sense, but the housing crisis shows that the way we spend the money is as important as putting it aside

Industrial Relations

House prices will have to fall if we don’t want our kids to emigrate

Owen Reidy of the Irish Congress of Trade Unions says homeowners must be prepared to take the possible hit on property values, as current spiralling house prices are creating a situation where we are ‘exporting our kids’

Lorcan Allen: Spending surging corporate taxes wisely will require strict political discipline

With the corporate tax rate increasing to 15 per cent next year, there is a real risk of overheating the economy if the extra revenue is spent domestically

Businesses hail Northern Ireland deal as a win for consumers

Companies say it is crucial that the Northern Ireland assembly is now restored

Ibec upgrades forecast as inflation predicted to fall below 4%

Business lobby group says prolonged recession in Europe is unlikely this year due to reduced exposure to energy price inflation

Extension of lower tourism and hospitality Vat rate welcomed by stakeholders

Ibec also welcomed the measures announced by government

Fergal O’Brien: Diversity and inclusion are good for society and for the economy

An open and tolerant society is a key driver for social and economic prosperity, despite claims to the contrary by a loud minority

Ibec calls for similar labour market rules North and South

Business lobby group boss tells Oireachtas committee on Good Friday Agreement says greater alignment will maximise all-island economy