Tuesday 21 November 2017

Export group in Budget plea

THE Irish Exporters Association (IAE) wants Budget 2014 to be the last austerity Budget and called for more incentives for export-led businesses. Each job created in the sector is worth approximately €20,000 to the Exchequer, according to the IAE.

The group said there was a strong case for a package of measures aimed at encouraging exports. The IEA said the Government should stick with plans to cut the Budget by €1.9bn this year. It wants the abolition of the pension levy, no increases in the cost of employment, and a cut in capital gains tax.

95PC OF HOMES HAVE INSURANCE

Around 95pc of homeowners have home insurance, costing around €337 a year, KBC bank said yesterday. KBC found the average value of insured home contents is €43,000.

For most customers, price is the most important criterion for choosing home insurance. "The results from this research show encouraging statistics for the home insurance market," said KBC Bank Ireland executive director Dara Deering.

BOOST IN NUMBER OF NEW COMPANIES

The first half of the year saw the highest number of company incorporations since 2008. Company incorporations in July 2013 are up 24pc on those in July 2012, Vision-net said. Some 1,014 companies were incorporated this month.

"Company incorporations are approaching pre-recession levels," Vision-net said. In the first six months of 2013, Vision-net has seen more limited companies being established than at any time since before the recession. The figures show that 2,569 companies and businesses began trading in July.

BANK OF ENGLAND LINK TO NAZI GOLD

The Bank of England helped Germany's Nazi government sell gold looted during their invasion of Czechoslovakia in 1938, the Financial Times revealed.

The action has been described as "one of the darkest episodes in central banking history".

It had been known that Czechoslovakia's gold was transferred from the National Bank of Czechoslovakia's account at the Bank for International Settlements to the accounts of Germany's then central bank the Reichsbank as part of the looting of the occupied state.

A new history of the Bank of England now shows that it later sold the seized gold on behalf of the Reichsbank.

Irish Independent

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