World

Friday 1 August 2014

Economic conference

Published 15/04/2014|02:30

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THE Mayor of Fingal, Fine Gael Cllr Kieran Dennison, is hosting a conference on economic development this week in Blanchardstown.

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The 'Working Together for Success' conference will take place at the Crowne Plaza Hotel tomorrow. Guests will be drawn from the business community, and will hear about current initiatives and future plans to support economic development in the region. Various business support agencies will be present at the event to provide advice and guidance about their services. County Manager Paul Reid, formerly of the Department of Public Expenditure and Reform, and Head of Economic Development Ethna Felten, will be among the speakers.

UK EARNINGS RISE

BRITAIN'S recovery from its recession looks set to continue this week when a six-year run of declining living standards is expected to show a turnaround.

An end to the erosion of earnings by inflation will be a welcome change for UK Prime Minister David Cameron as the May 2015 national election approaches, even if it will take several more years to repair the damage caused by the financial crisis. Figures due tomorrow are expected to show that average weekly earnings, the most widely watched measure of pay, rose by 1.8pc in three months to the end of February, according to a Reuters poll of economists.

EU TO OKAY BANK REFORM

THE EU will sign off on a slew of major reforms this week to allow failing banks to be wound down without public money, clearing its desk before elections in May that may lead to a slower pace of legislation.

The welter of rules the bloc has approved since the worst financial crisis in a generation began is fundamentally reshaping the banking and securities industry. The rule changes also strengthen the bloc's grip on capital markets at the expense of national governments, as policymakers want to avoid more taxpayer bailouts of banks and eurozone countries.

JOBS SUPPORT BRIEFING

SOCIAL Protection Minister Joan Burton yesterday hosted an employer briefing in Dublin to outline, to almost 500 employers, the range of supports available from the Government to help employers to grow their business.

The minister's department said the incentives include financial supports such as the JobsPlus scheme; employment initiatives such as JobBridge; and workplace supports to assist with the recruitment of employees with disabilities.

Irish Independent

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