Could Ireland be about to follow Greece?

The leading Irish economist, Professor Morgan Kelly, is suggesting that Ireland might be forced into a Greek style bankruptcy bailout because of its ailing banking system. There is a £60bn ‘black hole’ in its finances and the opposition are saying that they will not support the upcoming budget at they feel that the measures are [...]

Sterling on a rise against the Euro

The pound has risen to a 5-week high trading against the Euro as concerns about the Eurozone raised their heads again. Concerns have risen after the main Irish opposition party has announced that it will not be backing next month’s budget. A report in newspapers have stated that proposed cuts of €6bn will not be [...]

Gold hits another record high

The price of gold hit a new record high late afternoon today – reaching a trading figure of $1,407.2, before settling down to a slightly lower price of $1,406 at 6.15pm – or £870 an ounce. This was seen as a reaction to comments World Bank president Robert Zoellick, who suggested that leading economies should [...]

Post Office savings now covered by the UK FSCS

Savings accounts and bonds in the Post Office are, as of today, covered by the UK’s Financial Services Compensation Scheme. Previously these deposits had been covered by the Irish version of the scheme, as the money is saved within the Bank of Ireland. But a change that takes place today moves the deposits to a [...]

You have to be honest to not get child benefit

As part of the Government’s cost cutting measures, honesty will be the key to the correct people receiving child benefit, in the face of huge fines for those that are not so honest. Because the new system of those families with a high rate income tax payer not receiving child benefit, the situation will arise [...]

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