Ulster Bank closes doors; Savers subsidising home loans; and double whammy for Irish consumers

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Ulster Bank closes doors; Savers subsidising home loans; and double whammy for Irish consumers
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while European suppliers cut rates on the back of falling wholesale charges, new figures show. And an analysis shows consumers hear have been hit with a double whammy as, since 2020, Irish prices have risen more sharply than in the rest of the euro zone. Barry O’Halloran reports.

The Co Wicklow pub formerly owned by convicted murderer Catherine Nevin has lodged a planning application forsuffered more than €154 million of paper losses on its investment portfolio last year as the value of bonds held by the company dropped amid rising interest rates globally as a result of central banks seeking to fight spiralling inflation, writes Joe Brennan.of €8 billion last year as strong tax revenues offset the additional spending on Covid and energy-related supports.

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