Retail Ireland calls for row mediator
Retail Ireland, the IBEC lobby group that represents shopkeepers, yesterday called on the Government to create a commercial rents assessment board with statutory powers to mediate between landlords and tenants in rent disputes.
Retail Ireland said that the new board should accompany a review by the Attorney General of upward-only rent legislation. Rent as a percentage of turnover doubled from 10pc to 20pc for retailers over the past decade, the group said.
Pessimism among investors is falling
Irish investors are less pessimistic about the domestic economy, according to the results of a RaboDirect survey.
The survey of investors reveals that 74pc of respondents are pessimistic about the prospects for the economy over the next three months, compared with 90pc who said they were pessimistic in November 2010.
Confidence in the global economy has stabilised, with 54pc of respondents saying that they were optimistic about the prospects for the global economy over the next three months, which is unchanged since November.