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Property prices gap widens, pension costs and backfiring bonuses

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Pilita Clark says that paying talented staff intent on leaving could backfire.
Pilita Clark says that paying talented staff intent on leaving could backfire.

Business Today

Business Today

Get the latest business news and commentary from our expert business team in your inbox every weekday morning

Irish house prices were running at 40 per cent above the long-term link to household income at the end of last year, a level last seen at the start of the property crash, according to figures from the Central Bank, which warned last week about housing market risks as borrowing costs rise. Joe Brennan has the details.

Pilita Clark says that paying talented staff intent on leaving could backfire.

New reforms to protect the private retirement savings of workers could see some people facing higher fees under a dual-pricing structure that will reduce the value of their pension pots, a pension adviser has warned. Dominic Coyle reports.

Eoin Burke-Keendedy wonders whetter Brexit is the start of something good for the UK or an acceleration of decline

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Some 32 per cent Irish consumers expect to cut back spending on products and services over the next six months as day-to-day living costs soar amid rising inflation globally, according to a new survey. Joe Brennan reports.

The debate about taxing vacant homes is happening in a theoretical vacuum that could steer us towards a housing policy own-goal, warns John McCartney, director of policy at BNP Paribas Real Estate Ireland.

What happens to the Northern Ireland protocol now?

Listen | 34:17

Baby nutrition giant Danone has turned to its Irish plants to help ease an ongoing shortage in infant formula across the United States. The French food group’s Wexford plant has become the second Irish milk powder plant to be drafted in to help fly emergency supplies to the US market after the largest American infant formula manufacturing plant was taken offline earlier this year because of concerns about contamination. Dominic Coyle reports.

“I am a single man in my late 50s and would like to ask about using equity in my home to make retirement more comfortable.” Dominic Coyle answers your personal finance questions.

Last week the UK introduced a Bill to unilaterally scrap the Northern Ireland protocol, the post-Brexit set of rules which govern Northern Irish trade. The EU has now launched infringement proceedings against the UK for not complying with significant parts of the deal, which it describes as a clear breach of international law.

So, what happens to the protocol now? Does this reopen the debate about a hard border between north and south? And, will there be a trade war between the EU and UK? In the latest episode of The Irish Tines Inside Business podcast Ciarán Hancock is joined by Public Affairs Editor Simon Carswell, chief executive of Manufacturing Northern Ireland Stephen Kelly and Robert Sweeney, a policy analyst at TASC, to discuss this standoff over the protocol.

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