Menu
06/05/2009
Pessimism In Irish Firms About Prospects
A survey by a leading stockbroker has revealed Irish businesses are generally pessimistic about the next 12 months.
NCB Stockbrokers said one-third of businesses involved in the survey were expecting a decline in activity over the coming year, compared to one-quarter which were expecting things to get better.
The company said activity has already fallen steeply across all sectors, with the transport and leisure sectors reporting their worst-ever decline since the survey began.
Last week, the the Irish Small & Medium Enterprises Association (ISME) called for an immediate Employment Action Plan after Government figures revealed there had been 27,983 redundancies since 2008 – an increase of 154%.
ISME Chief Executive Mark Fielding said: "The level of redundancies is frightening, with no evidence of any respite in the near future. The worrying aspect is that there does not seem to be any understanding of the scale of the problem at Government level. All we hear are excuses as to why we are in this mess without any tangible solutions being presented."
Fine Gael Deputy Leader & Finance Spokesman Richard Bruton said the Irish economy is now teetering on the precipice of a potentially fatal deflationary spiral.
"Matters are getting worse, not better, for the public finances. Tax receipts for April of this year were down by 31% on the same month in 2008, compared with an average fall of 23% in the first three months of the year," he said.
The NCB report also revealed that more than one-third of businesses said they had to lay people off last month.
(DW/BMcC)
NCB Stockbrokers said one-third of businesses involved in the survey were expecting a decline in activity over the coming year, compared to one-quarter which were expecting things to get better.
The company said activity has already fallen steeply across all sectors, with the transport and leisure sectors reporting their worst-ever decline since the survey began.
Last week, the the Irish Small & Medium Enterprises Association (ISME) called for an immediate Employment Action Plan after Government figures revealed there had been 27,983 redundancies since 2008 – an increase of 154%.
ISME Chief Executive Mark Fielding said: "The level of redundancies is frightening, with no evidence of any respite in the near future. The worrying aspect is that there does not seem to be any understanding of the scale of the problem at Government level. All we hear are excuses as to why we are in this mess without any tangible solutions being presented."
Fine Gael Deputy Leader & Finance Spokesman Richard Bruton said the Irish economy is now teetering on the precipice of a potentially fatal deflationary spiral.
"Matters are getting worse, not better, for the public finances. Tax receipts for April of this year were down by 31% on the same month in 2008, compared with an average fall of 23% in the first three months of the year," he said.
The NCB report also revealed that more than one-third of businesses said they had to lay people off last month.
(DW/BMcC)
Related Irish News Stories
Click here for the latest headlines.
16 May 2008
'Large Irish Presence' At Cannes
The focal point for the Irish film industry at the Cannes Film Festival, the Irish Pavilion, has opened again for business this week, with over 200 of the leading lights of the Irish film industry flying out to the festival to promote and sell new Irish cinema.
'Large Irish Presence' At Cannes
The focal point for the Irish film industry at the Cannes Film Festival, the Irish Pavilion, has opened again for business this week, with over 200 of the leading lights of the Irish film industry flying out to the festival to promote and sell new Irish cinema.
11 February 2009
Govt Knew Of 'Startling' Anglo Deposit
Following revelations of a huge deposit made to the Anglo Irish Bank last year, the Taoiseach has shocked much of the Dáil by admitting the Government was aware of the payment. It emerged last night that Irish Life & Permanent in Anglo Irish Bank made the controversial deposit before the Government decided to nationalise the institution in January.
Govt Knew Of 'Startling' Anglo Deposit
Following revelations of a huge deposit made to the Anglo Irish Bank last year, the Taoiseach has shocked much of the Dáil by admitting the Government was aware of the payment. It emerged last night that Irish Life & Permanent in Anglo Irish Bank made the controversial deposit before the Government decided to nationalise the institution in January.
25 August 2016
Minister for Arts To Attend Culture Summit In Edinburgh
The Minister for Arts, Heritage, Regional, Rural and Gaeltacht Affairs, Heather Humphreys, is to attend the Edinburgh International Culture Summit. Minister Humphreys will attend a number of meetings during her visit, including Fiona Hyslop MSP, Cabinet Secretary for Culture, Tourism and External Affairs.
Minister for Arts To Attend Culture Summit In Edinburgh
The Minister for Arts, Heritage, Regional, Rural and Gaeltacht Affairs, Heather Humphreys, is to attend the Edinburgh International Culture Summit. Minister Humphreys will attend a number of meetings during her visit, including Fiona Hyslop MSP, Cabinet Secretary for Culture, Tourism and External Affairs.
18 November 2010
Irish Guardsman Dies In Afghan Firefight
The Stormont First Minister Peter Robinson has this morning expressed his sympathy to the family of a soldier from the 1st Battalion Irish Guards who has been killed in Afghanistan. The Ministry of Defence (MoD) announced that he was shot in an ambush while patrolling in the Nahr-e Saraj district of Helmand Province yesterday afternoon.
Irish Guardsman Dies In Afghan Firefight
The Stormont First Minister Peter Robinson has this morning expressed his sympathy to the family of a soldier from the 1st Battalion Irish Guards who has been killed in Afghanistan. The Ministry of Defence (MoD) announced that he was shot in an ambush while patrolling in the Nahr-e Saraj district of Helmand Province yesterday afternoon.
01 September 2010
Coalition Denies Split Over Anglo Bailout
Fianna Fáil and Green ministers are denying speculation of a split over the future of Anglo Irish Bank. As ministers arrived for this morning's Cabinet meeting, the first since the summer break, all insisted they were unanimously agreed on resolving the situation at the bank at the least possible cost to the taxpayer.
Coalition Denies Split Over Anglo Bailout
Fianna Fáil and Green ministers are denying speculation of a split over the future of Anglo Irish Bank. As ministers arrived for this morning's Cabinet meeting, the first since the summer break, all insisted they were unanimously agreed on resolving the situation at the bank at the least possible cost to the taxpayer.
-
Ireland WeatherThis Evening and Tonight:Cloudy with clear spells, mainly dry evening becoming windy with rain at times from late evening. Turning drier with clear spells towards morning. Milder than of late. Minimum temperature 2 °C.
