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4
Nov
2015

A research report on the Back To Education Allowance (BTEA) for Irish unemployed, produced by the Economic and Social Research Institute (ESRI) and published Wednesday says the scheme was in effect useless as there is no evidence of improved employment outcomes for recipients. Some recipients have been on courses for up to six years.

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4
Nov
2015
2
Nov
2015

A further solid improvement in business conditions in the Irish manufacturing sector was recorded in October according to a monthly survey. However, the data are not reliable as official figures show a 30% surge in production in the 12 months to June — a jump of almost a third in activity suggests the booking of overseas production in Ireland for tax purposes, which is termed "contract manufacturing."

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1
Nov
2015

In 1849 with $2,500 borrowed from Charles Pfizer's father, cousins Charles Pfizer and Charles Erhart, young entrepreneurs from Germany, opened Charles Pfizer & Company as a fine-chemicals business. It began in a modest red-brick building in the Williamsburg section of Brooklyn, New York and by 2014 through organic growth and acquisition, it had the second highest revenues for a pharmaceutical company in the world. Now Now Ian Read, its Scottish-born chairman and CEO, wants the group to become Irish for tax purposes. If it succeeds, it will further distort Ireland's national accounts.

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30
Oct
2015

Irish Economy: In 1986 Sir Robert Armstrong, UK Cabinet Secretary, used a euphemism for lying that had its origin in 1796 — "economical with the truth" — during a court case in Australia on the British government's request for a ban on a book by a former spy. The admission by Enda Kenny, taoiseach, this week that his past claims that Patrick Honohan, Central Bank governor, had suggested on a Wednesday in some undated week that the Army could be required to protect banks and ATM machines, from expected mobs in the streets, were not correct, appears to be an admission of a lie rather than tailoring the truth. It also highlights the corrosive impact of political spin.

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29
Oct
2015

Joan Burton, tánaiste and minister of social protection, in an op-ed piece in the Irish Times today writes on "why public sector workers deserve a pay rise." We are not disputing that point in this analysis, but in support of her case Burton appears to be unaware that official data show that pay at Irish micro and small firms fell in the year to June 2015.

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28
Oct
2015

Doing Business 2016: The latest World Bank flagship assessment of the ease of doing business in 189 economies puts Singapore on top again while Ireland slipped to a 17 rank from 13 last year. In the global ranking stakes, joining Singapore on the list of the top 10 economies with the most business-friendly regulatory environments are New Zealand, in second place; Denmark (3); South Korea (4); Hong Kong, China (5); United Kingdom (6); United States (7); Sweden (8); Norway (9); and Finland (10).

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21
Oct
2015
21
Oct
2015

Silk originated in China and the Silk Road is the collective name given to a number of ancient trade routes linking China and Central Asia. Modern China wants to recreate the Silk Road with road and rail links from Beijing via Urumqi in the north to western Europe. It sees the potential of boosting trade by US$2.6tn in the next decade, more than the value of its exports in 2013. The UK is the biggest European recipient of Chinese investment and the UK has the ambition to be China's top partner in Europe. Can Ireland gain from these developments?

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19
Oct
2015

Ireland: The national parliament's belated Committee of Inquiry into the Banking Crisis, colloquially known as the Banking Inquiry, has yet to report but expect nothing as you shall not be disappointed. Enda Kenny, taoiseach, who has put tax cuts at the heart of his party's general election programme, in commonwith his recent predecessors merits the famous epitaph for the French Bourbons delivered by Charles-Maurice de Talleyrand, prince de Bénévent: "they had learned nothing and forgotten nothing."

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