Business Today: the best news, analysis and comment from The Irish Times business desk
is starting to play out economically with its GDP declining, oil and gas revenue falling and its youngest and brightest workers leaving, writes Eoin Burke-Kennedyby 8 per cent in January compared to December, according to figures from Gas Networks Ireland. Demand was also 7 per cent lower than in January 2022, which was considerably colder, writes Eoin Burke-Kennedy.
The Government’s latest package of cost of living measures includes extra cash payments to social welfare recipients and parents – but no further contributions to our energy bill payments. Does the package go far enough? And by extending – again – a more favourable VAT rate for the hospitality sector, the Government is foregoing tax revenues of €300 million.
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