Posts by Practicenet
Housebuilding boosts ‘robust’ construction growth
Housebuilding boosts ‘robust’ construction growth Construction sector output remained strong in March, and was led by housebuilding for the third month in a row, according to the latest industry figures. Ulster Bank’s construction industry purchasing managers index (PMI) tracks output and sentiment among hundreds of managers month to month. The latest PMI reading of 55.9 […]
Read MoreEuro zone banks toughen requirements for mortgage borrowers
Euro zone banks toughen requirements for mortgage borrowers Euro zone banks are toughening their requirements of prospective mortgage borrowers, a European Central Bank survey published today showed. Despite this demand for home purchase loans continued to swell in early 2019. Credit standards – the boxes house-hunters have to check to receive a mortgage – tightened […]
Read MoreTariff rows leave new Nafta deal ‘in trouble’
Tariff rows leave new Nafta deal ‘in trouble’ More than six months after the United States, Mexico and Canada agreed a new deal to govern more than $1tn in regional trade, the chances of the countries ratifying the pact this year are receding. The three countries struck the United States-Mexico-Canada agreement (USMCA) on September 30, […]
Read MoreTariff rows leave new Nafta deal ‘in trouble’
Tariff rows leave new Nafta deal ‘in trouble’ More than six months after the United States, Mexico and Canada agreed a new deal to govern more than $1tn in regional trade, the chances of the countries ratifying the pact this year are receding. The three countries struck the United States-Mexico-Canada agreement (USMCA) on September 30, […]
Read MorePace of construction activity growth slows in March
Pace of construction activity growth slows in March The pace of expansion in construction activity eased in March, the latest Ulster Bank Construction Purchasing Managers Index shows. The index eased to 55.9 in March from 60.5 in February, but Ulster Bank said this follows a very strong February performance and the still-robust level of the […]
Read MoreAccess to finance underpins upbeat era of acquisitions
Access to finance underpins upbeat era of acquisitions Improved access to finance is underpinning business optimism in Munster, fuelling increased M&A activity along with a rise in the number of businesses willing to invest to support their growth, according to Deloitte. Business leaders attending Deloitte’s ‘Scaling for Growth’ event in the River Lee Hotel in […]
Read MoreRevenue officials meeting hauliers in Brexit preparations
Revenue officials meeting hauliers in Brexit preparations Revenue officers have begun engaging with hauliers at ports in Dublin and Wexford as part of preparations for a no-deal Brexit. Concerns have been raised about the number of companies trading with the UK that have not yet registered for customs. Lynda Slattery, head of Revenue’s Brexit unit, […]
Read MoreEurozone releases debt relief to Greece
Eurozone releases debt relieft to Greece Eurozone finance ministers have released long delayed debt relief to Greece, saying the government had implemented reforms promised during the massive bailout that ended last year. Greece exited its third and final international bailout in August, a turning point in its progress out of the catastrophe that engulfed the […]
Read MoreRelief as property tax changes delayed for a year
Relief as property tax changes delayed for a year Local Property Tax (LPT) rates for householders are to be frozen for another year the Government decided late last night. Homeowners won’t see any change in their LPT bills until 2021, and tens of thousands of householders who currently benefit from exemptions will continue to do […]
Read MoreRelief as property tax changes delayed for a year
Relief as property tax changes delayed for a year Local Property Tax (LPT) rates for householders are to be frozen for another year the Government decided late last night. Homeowners won’t see any change in their LPT bills until 2021, and tens of thousands of householders who currently benefit from exemptions will continue to do […]
Read More