Menu
11/05/2009
Construction Sector Yet To Build From Decline
The construction sector is to continue its current decline according to the latest report by the Ulster Bank.
The report says that although the decline in commercial sector activity appears to be bottoming out, further deterioration is still expected in civil engineering activity.
The bank's Purchasing Managers' Index shows that employment is continuing to decline substantially, while new business activity has also dropped sharply.
The news comes as the Leader of the Labour Party, Eamon Gilmore, today launched a Back to Work with Labour ten point plan to get the country back to work
Many of the policies hope to kkickstart the building sector, which was an intrinsic part of the growth of the Celtic Tiger.
Mr Gilmore's plan includes measures to nationalise the banks for a limited period and get credit flowing to small businesses, clearing out the top management in the banks and establishing a Banking Commission, giving employers tax breaks to take people off the dole, and launching a Skills Drive for people who have lost jobs, including tax-back for full-time study.
The plan also includes re-establishing Eircom as a public interest company and boosting confidence by guaranteeing that no home will be repossessed for two years.
(DW/BMcC)
The report says that although the decline in commercial sector activity appears to be bottoming out, further deterioration is still expected in civil engineering activity.
The bank's Purchasing Managers' Index shows that employment is continuing to decline substantially, while new business activity has also dropped sharply.
The news comes as the Leader of the Labour Party, Eamon Gilmore, today launched a Back to Work with Labour ten point plan to get the country back to work
Many of the policies hope to kkickstart the building sector, which was an intrinsic part of the growth of the Celtic Tiger.
Mr Gilmore's plan includes measures to nationalise the banks for a limited period and get credit flowing to small businesses, clearing out the top management in the banks and establishing a Banking Commission, giving employers tax breaks to take people off the dole, and launching a Skills Drive for people who have lost jobs, including tax-back for full-time study.
The plan also includes re-establishing Eircom as a public interest company and boosting confidence by guaranteeing that no home will be repossessed for two years.
(DW/BMcC)
Related Irish News Stories
Click here for the latest headlines.
10 May 2012
New Name For Northern Bank
Danske Bank has announced a new organisational set-up for its operations in Northern Ireland and Ireland. The new structure will take effect on 1 June 2012. The re-organisation mirrors a similar Group wide set-up being introduced in all Danske Bank operations.
New Name For Northern Bank
Danske Bank has announced a new organisational set-up for its operations in Northern Ireland and Ireland. The new structure will take effect on 1 June 2012. The re-organisation mirrors a similar Group wide set-up being introduced in all Danske Bank operations.
31 March 2009
Business Lending Falls Despite Recapitalisation
Private sector lending by Irish Banks is continuing to fall despite the cash injection into Irish banks. Figures published today by the Central Bank show credit for the private sector has fallen from 30% in December 2005 to just 5% in December last year.
Business Lending Falls Despite Recapitalisation
Private sector lending by Irish Banks is continuing to fall despite the cash injection into Irish banks. Figures published today by the Central Bank show credit for the private sector has fallen from 30% in December 2005 to just 5% in December last year.
05 October 2017
Customers Affected By Tracker Mortgage Scandal Rises To 3,500
The number of Ulster Bank customers affected by the tracker mortgage scandal has risen from 2,000 to 3,500. At a meeting of the Oireachtas Finance Committee this morning, 05 October, Ulster Bank executives confirmed that the number of people affected by the scandal had risen.
Customers Affected By Tracker Mortgage Scandal Rises To 3,500
The number of Ulster Bank customers affected by the tracker mortgage scandal has risen from 2,000 to 3,500. At a meeting of the Oireachtas Finance Committee this morning, 05 October, Ulster Bank executives confirmed that the number of people affected by the scandal had risen.
29 June 2012
Central Bank Concerned By Ulster Bank Delays
The Central Bank of Ireland has said it is concerned by the "unacceptable continuing delays by Ulster Bank in fully resolving its systems issues and the consequent impact on its customers".
Central Bank Concerned By Ulster Bank Delays
The Central Bank of Ireland has said it is concerned by the "unacceptable continuing delays by Ulster Bank in fully resolving its systems issues and the consequent impact on its customers".
30 October 2008
BoI Predicts Further Economic Contraction
The Irish economy is set to contract further next year, adding to current financial woes, according to the Bank of Ireland. The bank’s latest quarterly projection has suggested national income will drop by almost 1.6% in 2008, which will represent the first decline since 1983.
BoI Predicts Further Economic Contraction
The Irish economy is set to contract further next year, adding to current financial woes, according to the Bank of Ireland. The bank’s latest quarterly projection has suggested national income will drop by almost 1.6% in 2008, which will represent the first decline since 1983.
-
Ireland WeatherThis Evening and Tonight:It will be cloudy with a spell of heavy rain pushing south through late evening and the early hours, soon followed by some clear spells. Minimum temperature 6 °C.
