Manning Financial

New car prices could rise by up to €10,000 if taxes increase in budget

Prices of popular new cars could rise by up to €10,000 if recommendations from the Tax Strategy Group are implemented in next month’s budget. According to figures from the Volkswagen Group, which has a 28.6 per cent share of the new car market through its brands, prices for its best-selling Tiguan crossover with a 2-litre […]

Income tax will not be raised in next budget, Donohoe says

Minister for Finance Paschal Donohoe has said there will be no hike in income tax in the forthcoming budget. Speaking in Dublin this afternoon, Mr Donohoe said “the final piece of the jigsaw” is the September tax returns and he will be in a better position to make an assessment of the country’s finances then. […]

15 simple and affordable sustainability tips for SMEs

We know that it is a very difficult time for businesses and perhaps the budget for their sustainability agenda has been put on hold. As part of our Boost My Business initiative Fiona Alston asked sustainability expert and owner of Reuzi, Pat Kane, for some tips on how to implement small changes in your business […]

Bank campaign to advise those coming off payment breaks

With tens of thousands of households nearing the end of Covid-19 mortgage payment breaks, Irish lenders are preparing to roll out an information campaign to advise people of their options. Banking and Payments Federation Ireland (BPFI), an umbrella group that represents all the main lenders, is to introduce the campaign next week, with a big […]

Revenue announces rules for business owners access to Covid-19 wage support

The Revenue Commissioners have clarified the rules under which small business owners can avail of the new employment wage subsidy scheme (EWSS) as of Tuesday, following a recent U-turn by the Government. The new subsidy, announced as part of the July Stimulus package, replaces the temporary wage subsidy scheme (TWSS), that was introduced earlier this […]

European stocks climb as China, US signal progress on trade deal

Stocks climbed in Europe and Asia alongside US equity futures as America and China signalled progress on their phase-one trade deal. Treasuries edged lower with the dollar. S&P 500 futures advanced and shares rose throughout most of Asia as the two countries reaffirmed their commitment to a deal despite disagreement over issues such as tech […]

Expert warns crash in Irish construction likely to be biggest on record

The Irish construction industry is likely to have suffered the biggest quarterly crash in activity on record as a result of coronavirus, with output falling by more than 30 per cent, an industry expert has warned. The extent of the downturn will not be known until next month when the Central Statistics Office (CSO) publishes […]

Unemployment shot to 23.1% in second quarter, CSO figures show

The Republic’s unemployment rate rose to 23.1 per ent in the second quarter of 2020, figures from the Central Statistics Office (CSO) show. The headline figure equates to 531,412 people but includes those on the Government Pandemic Unemployment Payment (PUP). It is hoped many of these workers will return to work when restrictions to curb […]

Post-Brexit trade deal negotiations to resume

Negotiations between the European Union and the UK on a post-Brexit deal are due to resume in Brussels. The two sides are still far apart on key issues including fishing rights and competition rules. The trade negotiations are scheduled to continue until 2 October – less than a fortnight before an EU summit. The EU […]

US stocks close at record high, rebounding from Covid crash

The S&P 500 closed at a record high on Tuesday, rebounding from huge losses triggered by the coronavirus pandemic and crowning one of the most dramatic recoveries in the index’s history. Trillions of dollars in fiscal and monetary stimulus have made Wall Street flush with cash, pushing yield-seeking investors into equities. Amazon and other high […]