Tuesday February 25, 2020

What it says in the papers

Garda Commissioner's order; Hammond wants 'headroom'; Rush CU wind-down likely

2nd November, 2016
The main headlines from today's newspapers


- The Irish Times leads with news that the Garda Commissioner Nóirín O'Sullivan has ordered all members of the force not to take part in planned strikes and warned that protests over pay could "irreperably compromise" the Garda's authority to police the state.

- In business, the paper reports that the deal to sell the Central Bank's HQ is expected to be wrapped up by Christmas. The bank has confirmed that US property company Hines has been chosen as preferred bidder to buy the Dame Street building in Dublin.

- The paper says the Dublin Chamber of Commerce has warned that Ireland may lose out in the race to encourage British businesses to move here in the wake of Brexit due to competitive and infrastructural failings. It says the Government needs to be spending more on infrastructure.


- The Financial Times says British Chancellor Philip Hammond is to adopt a flexible fiscal framework in this month's Autumn statement, banishing rigid targets to ensure the government has 'headroom' to react if Brexit fall-out hits the economy.

- The FT says Australia is tightening its visa rules on foreign medics after a surge in interest in working in the country from British junior doctors upset at pay and working conditions at home.

- The paper reports on comments from oil giants BP and Royal Dutch Shell as they announced results yesterday. Both companies warned investors not to expect a strong rebound in oil prices next year as they set out plans for further cuts in spending to contain rising debts.


- The Irish Independent also leads with the Garda strike, saying that the Commissioner has put her authority on the line by telling thousands of members of the force to ignore plans for a strike and turn up for work.

- The paper says Finance Minister Michael Noonan has told ministers that the troubled Rush Credit Union is to be shut down, a move the paper says will shock the millions of people who are members of other local lenders. It emerged this week that the credit union's problems are so serious that it would cost millions of euro to stabilise it.

- In business, the Irish Independent says Nissan is to hire 40 new apprentices in a bid to address a skills shortage created by the rapid growth in demand for connected, autonomous and electric cars.

- The paper reports on CSO figures which show that private debt in Ireland surged by 40 per cent last year, to stand at three times the size of the economy. But it says the figures are distorted by one or more multinationals restructuring balance sheets.


- The Irish Examiner says the Garda Commissioner will today receive a tally from local officers as to how many gardaí intend to comply with her order directing them to turn up for work on Friday.

- The paper reports on Revenue figures which show a sharp increase in the number of households seeking to defer payment of the local property tax this year. The total number of applications to defer is up 22 per cent to 36,125.

- The Examiner reports on accounts from Charlemont Leisure Ltd, which operates the Hilton Hotel on the Grand Canal in Dublin, one of the hotels owned by US billionaire John Malone. They show pre-tax profits last year rose by 76 per cent to €2.3m.

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