Out of Office: Referendum losses haunt money ministers to Brussels
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Welcome to the Business Post’s Out of Office, your daily round-up of the day’s business, tech, markets, legal and politics news.
The failure of last weekend’s landslide referendum results plagued the government as they headed into a new week, with the fallout even following the money ministers across the continent.
Both Michael McGrath and Paschal Donohoe, the ministers for finance and public expenditure, were quizzed on the colossal loss for the coalition, with Donohoe admitting that the government didn’t make its case clearly enough ahead of the vote. McGrath said the next budget would prioritise frontline services and “tangible, practical” supports for carers.
Sarah Collins, our newly appointed correspondent, reported from Brussels, where both McGrath and Donohoe were meeting with other finance ministers at the Economic and Financial Affairs Council.
But it’s not just the referendums the ministers have been quizzed on. With more European powers coming out in support of Kristalina Georgieva serving a second term as head of the IMF, the press has turned its attention to Donohoe, who was reported to be in talks with the group about taking over the managing director seat.
The minister has maintained that he is dedicated to his domestic duties, but recent endorsements of Georgieva will no doubt provide relief to Fine Gael.
Back home, one of Ireland’s most popular hurley manufacturers is facing issues with the “variability of quality“ of some of its hurls due to ash dieback disease. Eoin O’Hare has the story.
In the courts, the owner of a centre accommodating asylum seekers has issued High Court proceedings over nearly €1.9 million it alleges it is owed by the Department of Integration. Catherine Sanz also has an update on Glenveagh’s legal dispute against two Meath residents, with the High Court action now set to proceed to trial.
News in brief
* Goodbye to Guinness: Stout dropped from UK inflation tracker
* Explainer: Why private equity firms holding onto companies is worrying for future funding
* Irish fintech Wayflyer expands offering
* Audio of Housing Commission sessions to be recorded after row over inaccurate minutes
* Blow to Sunak as prominent Tory defects to right-wing challenger Reform
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