Live News Live News: Update on cost of business grant; State to publish Summer Economic Statement
The previous Conservative government pushed for strong increases in the threshold for those on the lowest pay, hoping to make work pay for those receiving benefits. 09.01 - BYD to invest $1 billion in Turkey plant BYD, one of the world’s largest electric vehicle manufacturers, has signed a deal with Turkey to build a factory, a move that could bolster the Chinese automaker’s foothold in Europe.
The €257 million fund was a one-off grant created to help small and medium-sized businesses, measured based on the value of their 2023 commercial rates bill. Catherine Sanz, our legal correspondent, spoke with Sara Phelan, the chair of the Bar Council about the “palpable” frustration among barristers over the government’s failure to conduct a promised review of fees.
08.04 - Overspending could leave Ireland at mercy of global players like Donald Trump ‘Overheating’ the economy at a time of global uncertainty could leave Ireland vulnerable to extreme changes in enterprise policy at a global scale, one leading economist has said, pointing to the potential re-election of Donald Trump in the US.