Practicenet News

THE leader of the country’s largest union has predicted a wage “explosion” with thousands of workers lodging claims for pay rises if economic growth continues to soar. Siptu General President, Jack O’Connor, whose union represents over 200,000 employees, said he expects far more pay increase demands to be served on employers next year than were

A vote this afternoon in the Swedish parliament is set to clear the way for the Government to proceed with the early repayment of up to €10 billion of its €22.5 billion International Monetary Fund debt by the end of the year. The Government is likely to follow the first repayment, expected next month, with

Economy is on the turn as 2014 marks the comeback of the Irish consumer. Recent economic data shows that a “broad recovery” is currently underway in the Irish economy, thanks to steady increases in total employment, outperformance in underlying tax revenues and buoyant trends in the retail sector. The data also points to the return

Retiring in this country was a lot simpler in our grandparents’ time. Most people simply worked until 65 and then claimed the state pension. Today, many of us have private pensions on top of the state pension. However, we must now wait until the age of 66 to receive the State pension – and this

THE National Treasury Management Agency (NTMA) is set to raise €500m at auction next Thursday. The agency that manages the country’s debt will offer €500m of Treasury bills with a six month maturity.

British Prime Minister David Cameron warned today that the global economy was at risk of slipping back into crisis as the euro zone and emerging economies slow and geopolitical risks rise. “Six years on from the financial crash that brought the world to its knees, red warning lights are once again flashing on the dashboard

TAXPAYERS trying to file tax returns and pay Revenue today were left confused after they were told they were late with their payments and would be surcharged, despite being ahead of the deadline for filing their returns. Today is the last day for the self-employed and PAYE taxpayers to file tax returns and pay what

Taxpayers who paid Revenue yesterday were left confused after being told they were late with their payments and would be surcharged, despite meeting the deadline for filing their returns. Last night at midnight was the deadline for the self-employed and PAYE taxpayers with extra income to file tax returns and pay what they are due.

More than eight in ten SMEs have reported increased or stable turnover, a government-backed survey has found. The SME Credit Demand Survey found that trading conditions continue to improve for small and medium-sized businesses, with 84pc of companies surveyed responding that turnover has increased or remained stable. Some 30pc said they have increased staff. The

SEVEN out of ten first time buyer mortgages approved by Ulster Bank this year wouldn’t have met the proposed Central Bank mortgage deposit rules, the head of Ulster has said. The Central Bank wants the amount that banks can loan home buyers capped at 80pc of the value of the property. But Ulster Bank chief