Saturday 20 July 2019

Ergo: An Post deliver small increase in licence fee collections

RTE director general Dee Forbes
RTE director general Dee Forbes

As we start another year, RTE is still awaiting word of a Government-approved answer to its financial problems. The organisation was certain that some breakthrough on its funding would occur in 2018. Unfortunately for director general Dee Forbes, it's been kicked down the road once again.

One of RTE's brightest hopes has been a new collector for the licence fee. Forbes has claimed that as much as €60m is lost annually to high evasion rates. The Revenue Commissioners has been suggested as a possible alternative collector for the annual charge.

An Post, which holds the contract for collection, has been ramping up a fight to retain its role.

It is understood that new An Post figures show that in 2018 TV licences sales totalled 1,038,986, up 11,390 on 2017. At €160 each, that is generating an additional €1.8m.

Details seen by the Sunday Independent credit the uplift to An Post's targeted detection campaigns and additional inspectors carrying out more evening and weekend detections.

It has also been issuing additional renewal reminders to licence holders and running extra advertising across RTE channels.

Other reasons include an uplift in the economy and some high profile cases of prosecutions and fines for unlicensed TV owners.

While An Post has been happy to report on increased parcel volumes, it was no doubt very pleased indeed to let RTE know about this small but very well-timed improvement in licence collections.

Collison expects to earn his Stripes in 2019

At number 10 on the Rich List 2019, Limerick’s Collison brothers, John (28) and Patrick (30) are easily the youngest people in the top ten.

In September, a $245m new funding round at their payments company Stripe, which was led by Tiger Global, valued the high-potential company at $20bn.

Both brothers have a sizeable stake in the company, with each Collison estimated be to be worth $1bn. It seems as though the company is going to get even bigger the year ahead. Patrick Collison tweeted some fairly upbeat comments in recent days about his expectations for the year ahead.

“Am generally pretty optimistic about Stripe,” he tweeted. “Part of the job, honestly. But, man, if we ship even half of what‘s planned for 2019, the year is going to be a true lollapalooza.”

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Fashion industry veteran Ian Galvin has been appointed as a mentor to the Design and Crafts Council of Ireland. Galvin has over 30 years’ experience in the fast-changing retail sector and believes that the Irish craft and design has great potential. In the new role he will help designers with growing their business. Innovation and technological advances will play a key role in the strategies he plans to help implement. Galvin has previously worked with some big industry names include the Brown Thomas Group and Karen Millen.

Sunday Indo Business

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