A weekly look at business and economics from an Irish perspective hosted by Irish Times Business Editor Ciarán Hancock. Produced in association with EY. Hosted on Acast. See acast.com/privacy for more information.
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How does Ireland fix its dysfunctional rental sector?
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43:34In the past week, Taoiseach Micheal Martin has suggested that the Rent Pressure Zone system could be scrapped and that tax breaks could be introduced to help incentivise developers to build more apartments and houses. Would these measures make rents more affordable for tenants? Or boost the supply of affordable new homes? To tease out this tricky p…
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Are we at the beginning of Donald Trump’s global trade war?
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30:59At the start of this week US President Donald Trump took the global economy into uncharted territory by threatening a multi-front trade war. After last-minute negotiations on Monday, hefty tariffs for Canada and Mexico were suspended for 30 days. China then saw a 10% duty imposed on their imports into the US and retaliated soon after with their own…
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What is DeepSeek and why did it send global markets into meltdown?
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36:55On Monday, markets were in meltdown when it emerged that a Chinese app called DeepSeek had developed a low-cost AI technology that can compete with those of US giants but at a fraction of the cost and a fraction of the computing power. So, who is behind DeepSeek? And what is the future for the huge valuations on Big Tech and data centre stocks in t…
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Ireland’s childcare sector is struggling, but is a State-led model the answer?
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37:14Karen Clince is CEO of Tigers Childcare, one of the biggest providers in the Irish market with 22 centres in Dublin, Cork, Kildare and Meath. She joins host Ciarán Hancock to explain the economics of running a childcare facility and give her view on proposals from the new Government to boost the sector. And Laura Slattery of the Irish Times talks u…
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Is Ireland’s planning system broken?
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35:53Last week a high-profile residential property scheme for Dundrum village in Dublin, that would have delivered 881 apartments and a mix of commercial units, was rejected by An Bord Pleanála. The scheme had first been proposed in 2021 by Hammerson and Allianz who between them owned the land. In a rejection letter the board was strong in its language …
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Could a glut of affordable EVs tempt Irish motorists to make the switch?
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44:56Figures for 2024 showed a 1 per cent decline in total car sales across the Irish market versus 2023. But the number of electric vehicles sold reduced by almost 24 per cent with just 17,459 registered. This is against the backdrop of a government target to have one million EVs on Irish roads by 2030 as we phase out the use of fossil fuels. Neil Bris…
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For this week’s episode, host Ciarán Hancock was joined by a stellar panel to look forward to 2025. They tried to predict what would happen with foreign direct investment with Donald Trump back in The White House, a new coalition government is to be formed but will it solve the decade-plus housing crisis, and they consider the impact of artificial …
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A year of thoughts on Ireland’s housing crisis
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24:07Ireland’s ongoing housing crisis was the number one concern for voters as they went to the polls in November with scarce supply and price inflation a feature throughout 2024. It was also a topic covered repeatedly on this podcast throughout the year with many experts and contributors offering context, insight, and in some cases, potential solutions…
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Hospitality in Dublin: ‘stress and burnout are getting worse in the industry’
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27:20It has been another tough year for restaurant and café owners – according to the Restaurant Association of Ireland, two venues a day are closing as businesses struggle to make ends meet amid rising inflation and a spike in payroll costs. On this week’s episode of Inside Business, host Ciarán Hancock is joined by Vanessa Murphy, co-owner of Las Tapa…
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From Apple Tax to Swiftonomics: 2024 in review
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42:10As 2024 nears its end, Inside Business looks back at some of the big stories of the year. Everything from rising house prices to soaring corporation tax receipts, to Taylor Swift concerts and Donald Trump’s re-election as US president. To review the year, host Ciarán Hancock iss joined by Eoin Burke-Kennedy, Conor Pope and Ian Curran of The Irish T…
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Retailers in Dublin: “shoplifting is a huge concern”
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35:53On this week’s episode of Inside Business, host Cliff Taylor is joined in studio by Louisa Earls, manager of Books Upstairs, along with Laura Caffrey, & Clare Grennan, Co-Owners of Irish Design Shop, to get an insight into their experience as independent retailers in Dublin city during a period of the year that accounts for up to a third of their a…
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‘Ireland is on a winning streak’: The outsider’s view of our economy
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38:58With the Irish government rolling in clover like never before, what is the outsider’s view of our economy? Max Colchester, Britain Correspondent for the Wall Street Journal, has been writing about this following his recent visit to Dublin. He notes how other governments around Europe are struggling and raising taxes while we have set up two soverei…
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Irish companies are already preparing for impact of Trump’s tariffs
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34:25Donald Trump’s stance on imports coming into the US could have very real implications for Irish transatlantic trade. September proved to be a record month for Irish exports, as well as a record level of exports going to the US. This underlines the importance of a market that could be jeopardised if the president-elect follows through on his promise…
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Why switching your mortgage rate can save you a lot of money (especially if you are green)
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39:51Research from online broker Doddl.ie has estimated that savings of about €7,400 a year could be achieved by switching your mortgage rate. Martina Hennessey is chief executive of Doddl.ie and she joined host Ciarán Hancock to go through the maths on this. She also explained how the most attractive rates available apply to those with the most energy …
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What Trump’s presidency could mean for Ireland’s economy
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31:29After a remarkable political comeback, Donald Trump will be the next President of the United States. So, what will that mean for the Irish economy, given that he has threatened huge tariffs on imports and promised to slash its corporate tax rate. Host Ciarán Hancock is joined by Cliff Taylor of The Irish Times to get his view on how bad a Trump pre…
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Is a Ryanair-style model the answer to Ireland’s housing crisis?
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39:15This week’s episode looks at the housing crisis from a slightly quirky angle. Imagine if Michael O’Leary decided to set up a development company to build housing and applied some of the lessons from Ryanair’s experience in disrupting the air travel business over the past three decades. It’s a point that Irish Times economics correspondent Eoin Burk…
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Data centres are energy-hungry and employ few people, so why does Ireland need more of them?
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40:18In his recent piece for the Irish Times, Harry Goddard, CEO of Big Four firm Deloitte, argues that Ireland needs to build more data centres. He says this could generate the demand for a sufficient number of renewable energy projects to be built to help those facilities operate on a carbon neutral basis. He joins Inside Business host Ciarán Hancock …
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‘Hospitality demand is there, but there is no margin anymore’
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39:50These are some very challenging times for retail and hospitality here, with news this week that men’s fashion retailer Alias Tom was placed into liquidation while high profile Dublin restaurant Shanahan’s on St Stephen’s Green closed, and Dillinger’s in Ranelagh will close in November after 16 years in operation. On Tuesday, hundreds of hospitality…
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Retail and hospitality in the firing line as Irish insolvencies ramp up
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24:30According to PwC’s quarterly insolvency barometer, the retail sector now accounts for one in four of all insolvencies so far this year. Hospitality is also being adversely affected with smaller operators more likely to fail. Inside Business host Ciarán Hancock is joined by Ken Tyrrell, business recovery partner at PwC Ireland, to go through their r…
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Budget 2025: What it means for Irish households and businesses
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35:48Host Ciarán Hancock is joined by guests to pore over the main points of Budget 2025. The €10.5 billion package has a range of measures, including the threshold for higher income tax rate rising to €44,000, the minimum wage gets an 80 cent bump to €13.50 an hour, the USC rate will be cut to three per cent, income credits will increase by €125, and a…
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Has Irish house price inflation finally peaked?
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42:20On this week’s episode of Inside Business, host Ciarán Hancock speaks with Bank of Ireland chief economist Conall MacCoille about their latest economic bulletin. It shows that almost 40 per cent of Irish housing transactions are now settled at a minimum 10 per cent premium above the original asking price, something Bank of Ireland puts down to “the…
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Should Ireland give the Apple tax billions to poorer countries?
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59:26In his piece for the Irish Times earlier this week, CEO of Ibec Danny McCoy wrote about the ‘generational opportunity’ the next government will have to transform the country. Speaking with host Ciarán Hancock on this week’s episode of Inside Business, he explained how the key areas of infrastructure, education and energy strategy are central to mai…
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How will the Apple tax ruling affect Ireland’s relationship with other multinationals?
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32:51On this week’s episode of Inside Business we’re looking at the Apple tax judgement from the European Court of Justice with Joe Brennan. It was decided on Tuesday that the tech giant had enjoyed illegal State aid and the ECJ determined that Ireland should collect some €13 billion in back tax. Joe Brennan has covered this saga over the past decade an…
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Could office construction in Dublin soon come to a full stop?
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37:19Reports last week highlighted the challenges in the commercial property market, particularly in the offices sector, with some prized assets receiving offers well below the sale prices attached by agents, with banks moving on some borrowers who find they are in breach of their covenants. John McCartney is head of research at BNP Paribas Real Estate …
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Inheritance tax in Ireland: What are the rules, and could they be changed in the budget?
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31:57Inheritance tax has become something of a hot political issue, with hints of change coming in the budget supported by senior Fine Gael members who want to allow people to inherit more without being exposed to tax. But is this justified? Does it simply improve the lot of the better off in society? Or are there real anomalies that need to be addresse…
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