Former Ireland finance minister Michael McGrath named EU's new commissioner for justice

Former Ireland finance minister Michael McGrath named EU’s new commissioner for justice

Michael McGrath has been appointed as the European Union’s new commissioner for Justice, following an announcement by European Commission President Ursula von der Leyen. The appointment was revealed after a meeting with Members of the European Parliament (MEPs) in Strasbourg on Tuesday. The new team includes 11 female commissioners, representing 40 per cent of the … Read more

From Selling Golf Balls to Brussels: Michael McGrath’s Rise to European Commissioner

From Selling Golf Balls to Brussels: Michael McGrath’s Rise to European Commissioner

Michael McGrath, Ireland’s Finance Minister, is set to become the country’s new European Commissioner. His journey began in Greenmount Buildings, Cork City, where he grew up as the fourth of seven children. The McGrath family moved to Passage West when he was three, and his mother still lives there. Tragically, his father Jack passed away … Read more

Tesco Ireland slashes prices on 700 products in an attempt to combat inflation and cost-of-living crisis

The retail giant Tesco is all set to slash the prices of over 700 items in-store and online with an average price decrease of 10 per cent. This includes a wide range of Tesco’s own-brand products and brands – from grocery staples to household and health and beauty products. The store is cutting prices in an effort … Read more

Zero rating of VAT to remain on Covid testing kits

Covid-19 testing kits will continue to be exempt from taxes, according to the government. The Minister for Finance Michael McGrath TD has announced that VAT on supplies of Covid-19 testing kits which has been subject to a temporary zero rate up until 31 December 2022 as a result of an EU Commission derogation, will be … Read more

€9.5m payments to businesses under Government’s new energy support scheme

The Minister for Finance Michael McGrath TD is urging eligible businesses to continue to make claims under the Government’s €1.3 billion Temporary Business Energy Support Scheme (TBESS). To date €9.5m has been approved for payment under the Scheme which was announced as part of Budget 2023 to help businesses cope with the recent rises in … Read more

Exchequer records €5.2bn surplus for 2022 as tax revenue tops €83bn

Last year, an Exchequer surplus of €5 billion was reported, a €12.4 billion improvement over the €7.4 billion deficit registered in 2021. Both the rapid growth in tax revenue and the drop in Covid-related public spending are reflected in the improvement. On a more comprehensive general government basis, this is consistent with a surplus of … Read more

Healthcare group to create over 500 jobs at 3 new nursing homes

Residential care provider Silver Stream healthcare group is opening three new nursing homes, that will see the creation of more than 500 full-time permanent roles across the country.  The group, which runs care homes in Dublin, Meath, Wicklow, Cork, and Tipperary, is now opening facilities in Riverstick in Cork, Duleek in Meath, and Dundalk in … Read more

Back-to-school allowance to increase by 100 euro per child in Ireland

The Government has announced that the back-to-school allowance is to increase by 100 euros per child, as part of a 67 million euro package announced to help with the cost-of-living crisis. The €67 million package includes €50 million for Social Welfare Measures and an additional €17 million for Education Measures. The announcement was made by … Read more