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Dublin: 13 °C Friday 10 July, 2020


# recessionomics - Tuesday 16 October, 2012

Poll: Do you try to shop in Irish-owned supermarkets? Your Say This post contains a poll

Poll: Do you try to shop in Irish-owned supermarkets?

Study shows that chains like Tesco, Aldi and Lidl are experiencing more growth than homegrown Irish chains – do you make a conscious choice to shop in Irish supermarkets?

# recessionomics - Saturday 30 June, 2012

Open thread: Feeding a family on less than €10 a day

As new Irish book gives handy tips and recipes to help families cut their food bill, we want to hear about YOUR cost-efficient cooking…

# recessionomics - Thursday 2 June, 2011

Massive increase in number of people seeking advice over debt in past three years

The Free Legal Advice Centre says there has been a 400 per cent increase in debt queries in the last three years with a 45 per cent rise in the last year alone.

The 9 at 9: Thursday

Nine things you need to know by 9am: Consumers warned to wash their salads as ecoli outbreak spreads; Britain prepares for a heatwave as Ireland gets its woollies out; and why one Booker prize winner believes he’s better than any woman writer.

# recessionomics - Friday 6 May, 2011

Take 5: Friday

5 minutes, 5 stories, 5 o’clock.

# recessionomics - Wednesday 4 May, 2011

The 9 at 9: Wednesday

Nine things you really need to know by 9am: Noonan promises good news in today’s Exchequer figures; two barmen go on trial for the manslaughter of a customer who drank himself to death and why using the word ‘pet’ is insulting to your family moggy, er, animal companion.

# recessionomics - Monday 21 February, 2011

Knock-down Irish property auction drawing foreign buyers

Sale of ‘distressed’ properties is set for 15 April in Dublin – and agent says the homes and commercial spaces on offer will be priced “aggressively”.

# recessionomics - Monday 7 February, 2011

'Shared equity' proposal might keep struggling householders in their homes

Housing association Threshold puts forward plan that would see the State buy properties on point of repossession and renting back to former owners.

# recessionomics - Friday 28 January, 2011

Dublin businesses strike bargain to get 20 per cent off insurance premiums

Umbrella group for city centre traders does deal to cut cost of insurance for its 2,500 members after slow shopping year.

# recessionomics - Friday 21 January, 2011

Cost of education soars by over 25 per cent since peak of boom

The costs of education and health care have soared since 2006 according to the latest Consumer Price Index;

# recessionomics - Friday 10 December, 2010

Consumer prices down slightly in November

Central Statistics Office finds that only clothes and footwear saw a price hike in the last month.

# recessionomics - Friday 3 December, 2010

Broadband and telephone still out for over 4,000 houses

Eircom technical crews finding it hard to access areas of Carlow, Wexford and Wicklow to fix faults.

# recessionomics - Tuesday 9 November, 2010

Irish shoppers expect to spend €1.5bn this Christmas

Despite last month’s fall in consumer confidence, Irish shoppers are looking forward to splashing out on Christmas gifts, food and socialising.

# recessionomics - Monday 11 October, 2010

The emergence of the savvy Irish shopper

The recession has brought some benefits – Irish consumers are no longer willing to be complacent, ill-informed or ripped off.

# recessionomics - Friday 1 October, 2010

Medical card holders to pay more for pharmacy bills from today

The levy will apply to each prescription item collected by a patient.

# recessionomics - Thursday 23 September, 2010

The Guardian: Ireland facing a double dip recession

One economist is so shocked by the fall in our output, he thinks it’s a misprint.

# recessionomics - Thursday 2 September, 2010

Ireland unlikely to dodge out on debt, says IMF

But we’re not out of the woods yet.

# recessionomics - Monday 23 August, 2010

IRISH PARENTS pay more for childcare than any other country in the Western world, according to a new survey by the Organisation for Economic Co-operation and Development (OECD).

Irish parents in two-income families pay nine times more than a family in Belgium to have their children looked after while they work.

The survey, which is published in today’s Irish Daily Mail, reveals that 45 per cent of the income in a double-earner household with two children is swallowed up by childcare costs.

This figure is based on a couple whose combined salary is one-and-a-half times the average industrial wage, and takes into account government subsidies.

The next most expensive country is Britain, where creche fees eat up 43 per cent of the annual household income. However, Britain tops the poll for single-income families. Switzerland, New Zealand and Canada come next in the poll, at 39 per cent, 36 per cent and 29 per cent respectively.

In Poland, by contrast, parents only pay 5 per cent of their annual income to have their children in daycare, while in heavily-subsidised Sweden, the figure is 8 per cent. In Germany and Luxembourg, less than ten per cent of the family income goes on childcare.

The average bill nationwide in Ireland is €7,500 – rising to an eye-watering €10,000 in Dublin. That’s €144 per week for child under 12, rising to €192 in Dublin.

That’s more than it would cost to send a child to secondary school at St Andrew’s College in Booterstown in Dublin, where the annual fees are €6,110.

Alternatively, you could send your child to Mount Anville or Castleknock College in Dublin for the same as you’d pay to have them in an average creche in the city.

# recessionomics - Friday 30 July, 2010

THE RESULTS of the latest Consumer Confidence Monitor show that 22% of people surveyed this month believe the country will be better off.

The figure compares favourably to March when only 9% of people felt positive and November when the figure was just 8%.

Positivity has also reached people’s personal finances with over half of people saying they expected their income this year to be higher or the same as last years income. The survey also highlighted

11% of people expected their income to be higher in the coming year.

46% expected their pay to remain the same.

A small increase in the numbers who expected to buy more goods and services

58% of people feel the economy will be better off in the year ahead.

The survey of over 1,000 people by Behaviour and Attitudes shows that people in Dublin remain the most optimistic.

However the latest review from Retail Excellence Ireland says sales have declined by over 5% in June, up from 4.94 in May and 2.02 in April.

# recessionomics - Thursday 22 July, 2010

COLM McCARTHY WILL head a body to examine the efficiency of State assets, the Minister for Finance announced today. The group will recommend how to better use resources or say if they should be sold off.

Mr McCarthy, a lecturer at UCD’s school of economics, previously headed the ‘Bord Snip Nua’, which compiled a list of recommended cuts to public spending.

Among its suggestions, that group recommended cutting 17,300 jobs from the public service, and a 5% cut in social welfare.

A preliminary list of the assets to be reviewed includes the Dublin Airport Authoritiy, Irish Rail, RTÉ, an Post, and a number of Irish ports. They can also review the regulation of those assets.

The group also includes Donal McNally from the Department of Finance, and Alan Matthew, Professor of European Agricultural Policy at Trinity.

It will present a report on its progress to Minister Lenihan before the end of the year, and has already begun its work.

AFTER A DECADE of inflation and high costs, prices in Ireland are moderating, that’s the good news from a new report by the National Competitiveness Council. The report says “since January2008, Ireland has regained some of its lost cost competitiveness as domestic inflation remains below
that of our main trading partners and as the euro has weakened.”

This report highlights tangible improvements in the cost of doing business in Ireland and outlines significant falls in property and energy costs. However, the report does say some costs continue to increase or remain relatively high. Property, broadband and legal fees are cited as being costly by the (NCC).

Although energy costs for business decreased by 24% in 2009, Ireland is still the sixth most expensive country of 14 the report benchmarked.

The report also said that mobile phone costs for business were down significantly and that Dublin has become more competitive.

For consumers the report found that Ireland is still expensive when it comes to buy groceries it is the second most expensive in the EU.

However, the average Irish employee must work a shorter amount of time than those in most other benchmarked locations to earn enough to buy branded consumer goods such as an iPod Nano or a Big Mac.