Person: Finance Minister

A COMPREHENSIVE SERIES OF ARTICLES ON THIS TOPIC

Daniel McConnell
Donohoe's Eurogroup role 'a great win for Ireland' says Taoiseach
Daniel McConnell
Covid-19: Banks 'very unlikely' to relieve mortgage holders
UK's €33bn stimulus includes Vat cut to 5% for restaurants and new 'eat-out' voucher
UK's €33bn stimulus includes Vat cut to 5% for restaurants and new 'eat-out' voucher
UK chancellor Rishi Sunak unveiled an additional £30bn (€33.3bn) stimulus to the British economy to fend off a potential jobs crisis that includes a bonus for employers for every job they keep, a cut in Vat for restaurants, and a €10 voucher to encourage people to eat out this summer.

Wed, 08 Jul, 2020

Donohoe hints at longer Covid-19 wage scheme duration
Donohoe hints at longer Covid-19 wage scheme duration
Finance Minister Paschal Donohoe has said that the Covid-19 Wage Subsidy Scheme will not end abruptly and hinted that it could last until the end of the year.

Fri, 03 Jul, 2020

'Hollow victory' if end of Covid-19 wage subsidy triggers unemployment surge says Paschal Donohoe
'Hollow victory' if end of Covid-19 wage subsidy triggers unemployment surge says Paschal Donohoe
Minister for Finance Paschal Donohoe has said that the Covid Wage Subsidy Scheme will not end abruptly and hinted that it could last until the end of the year.

Fri, 03 Jul, 2020

Central Bank report: Unemployment to persist through 2023
Central Bank report: Unemployment to persist through 2023
Unemployment will return to its pre-Covid-19 levels in late 2023 and only then if there is no new outbreak of the disease, while house building will be severely disrupted for a number of years, the Central Bank has predicted.

Fri, 03 Jul, 2020

Central Bank sees unemployment persisting through 2023 amid Covid-19 storm
Central Bank sees unemployment persisting through 2023 amid Covid-19 storm
Unemployment will return to its pre-Covid-19 levels in late 2023 and only then if there is no new outbreak of the disease, while house building will be severely disrupted for a number of years, the Central Bank has predicted.

Fri, 03 Jul, 2020

Outsized tax returns will help Coalition to fund Covid-19 payments
Outsized tax returns will help Coalition to fund Covid-19 payments
The latest exchequer tax returns published this afternoon will go a long way to reassure the new coalition it has the money to extend the Covid-19 unemployment supports and fund its promised stimulus packages without blasting through an indicative €30bn upper ceiling for the budget deficit this year.

Thu, 02 Jul, 2020

Paschal Donohoe 'cautious' of 100% State-backed loans for SMEs
Paschal Donohoe 'cautious' of 100% State-backed loans for SMEs
Finance Minister Paschal Donohoe has signalled caution over the inclusion of 100% State-backed loans in the SME credit guarantee scheme element of the Government’s pending multi-billion stimulus package for the economy.

Wed, 01 Jul, 2020

Ireland will only be playing 'catch up' with UK in looming business loans stimulus package
Ireland will only be playing 'catch up' with UK in looming business loans stimulus package
Over one million Covid-19 emergency loans have been advanced to UK companies that are 100%-guaranteed by the British government, starkly showing the wide gap in supports for firms in the Republic.

Tue, 30 Jun, 2020

Cutting taxes least likely to work in stimulating demand and jobs in Covid-19 crisis: ESRI's McQuinn
Cutting taxes least likely to work in stimulating demand and jobs in Covid-19 crisis: ESRI's McQuinn
Cutting taxes will likely be the least effective way in helping lift the economy out from the Covid-19 jobs crisis because there is no guarantee that people who fear a second wave of pandemic cases won’t just save rather than spend the money, ESRI professor Kieran McQuinn has said.

Sun, 28 Jun, 2020

Concerns that Donohoe's Covid-19 recovery firepower will fall short
Concerns that Donohoe's Covid-19 recovery firepower will fall short
Concerns are growing that the recovery package promised by Finance Minister Paschal Donohoe will fall short if the firepower fails to match what the British government has delivered for its struggling businesses.

Tue, 23 Jun, 2020

Ibec: €2.7bn summer Covid-19 recovery package could save thousands of jobs
Ibec: €2.7bn summer Covid-19 recovery package could save thousands of jobs
Finance Minister Paschal Donohoe’s planned summer Covid-19 recovery package need only cost €2.7bn upfront but could save many thousands of jobs at small firms, according to Ireland’s main business group, Ibec.

Tue, 23 Jun, 2020

Ibec urges Donohoe to give €15,000 grant to 70,000 small firms to save jobs from Covid-19 hit
Ibec urges Donohoe to give €15,000 grant to 70,000 small firms to save jobs from Covid-19 hit
Ireland’s main business group Ibec said that the Government's planned summer recovery package for small firms need not stretch to multi-billions and could be pegged to as little as €2.7bn upfront to save many thousands of jobs.

Tue, 23 Jun, 2020

Penneys, Brown Thomas and H&M among retailers that lobbied for 12-month rates break
Penneys, Brown Thomas and H&M among retailers that lobbied for 12-month rates break
Penneys, Brown Thomas and H&M were among the dozens of retail brands to lobby senior government ministers for a 12-month commercial rates cut, warning that without "urgent and decisive action", retail businesses would close.

Mon, 22 Jun, 2020

Letters to the Editor: Aer Lingus is using Covid-19 as an opportunity for restructuring
Letters to the Editor: Aer Lingus is using Covid-19 as an opportunity for restructuring
Aer Lingus has cut wages by 70% which is the highest wage cut ever seen in Ireland in the 21st century. On top of the wage cut Aer Lingus has imposed changes to work practices and terms and conditions, this includes lay-offs as well as a ban on industrial action including strikes to February 2022.

Sat, 20 Jun, 2020

Paschal Donohoe: FG would 'argue very firmly' in favour of Cork-Limerick motorway project
Paschal Donohoe: FG would 'argue very firmly' in favour of Cork-Limerick motorway project
Finance Minister Paschal Donohoe has said that Fine Gael would “argue very firmly” in favour of the Cork-Limerick motorway project while the Green Party’s deputy leader Catherine Martin said that if commitments and investment had already been made then such projects would be likely to go ahead.

Fri, 19 Jun, 2020

IKEA to return wage support after suffering less than expected
IKEA to return wage support after suffering less than expected
IKEA said it will shortly begin talks with the Irish government and eight other countries about returning the financial support they received to support workers during the Covid-19 lockdown.

Tue, 16 Jun, 2020

McGrath expects Micheál Martin to be Taoiseach in new government
McGrath expects Micheál Martin to be Taoiseach in new government
Fianna Fáil’s finance spokesperson, Michael McGrath, has said that the leadership of his party is not in question and that he expects Micheál Martin to be Taoiseach in the new government.

Mon, 15 Jun, 2020

'Great work' done but government formation talks set to continue today
'Great work' done but government formation talks set to continue today
Finance Minister Paschal Donohoe says that there has been "a lot of great work" done, but that agreement has not yet been reached as government talks looked set to go into Monday.

Mon, 15 Jun, 2020

Special Report: Army councils and civil service tensions - life inside Leo Varadkar's Cabinet
Special Report: Army councils and civil service tensions - life inside Leo Varadkar's Cabinet
Political Editor Daniel McConnell lifts the lid on what really goes on inside the Cabinet room and some of the backbiting, infighting, distrust, and downright hostility that’s occurred over the last four years

Sat, 13 Jun, 2020

Gardai and locals from west Cork village team up to care for the elderly
Gardai and locals from west Cork village team up to care for the elderly
The latest initiative has seen members of the gardaí joining Ballydehob Community Alert Group to give care packs to up to 200 elderly residents.

Mon, 08 Jun, 2020

Hopes rise that easing of Covid-19 restrictions will lift some of Ireland's economic gloom: ESRI professor
Hopes rise that easing of Covid-19 restrictions will lift some of Ireland's economic gloom: ESRI professor
The Covid-19 pandemic unemployment payment will likely be extended through to the end of the year adding to the costs of the exchequer but the budget deficit may not necessarily balloon more than already feared if early positive signs for tax revenues are realised, a leading economist has said.

Sun, 07 Jun, 2020

Pandemic unemployment payment to be cut for part-time workers from June 29
Pandemic unemployment payment to be cut for part-time workers from June 29
The €350 Pandemic Unemployment Payment will become two-tiered from June 29, with people who were earning less than €200 per week before the outbreak of Covid-19 set to drop to €203 per week.

Fri, 05 Jun, 2020

French cafés reopen today but economy still set for huge tumble
French cafés reopen today but economy still set for huge tumble
The French economy is set to contract 11% this year due to the coronavirus crisis and more hard days lie ahead until things bounce back next year, Finance Minister Bruno Le Maire has said.

Tue, 02 Jun, 2020

Pascal Donohoe: ‘The State can, should, and will borrow to cover this deficit’
Pascal Donohoe: ‘The State can, should, and will borrow to cover this deficit’
Finance minister Pascal Donohoe outlines the unprecedented economic support measures the Government are putting in place to help businesses recover from the pandemic crisis

Mon, 01 Jun, 2020

Special Report: Bringing them all back home - the crisis flights through the coronavirus pandemic
Special Report: Bringing them all back home - the crisis flights through the coronavirus pandemic
Special Report: The coronavirus pandemic sparked huge diplomatic and consular efforts to fly home Irish people from all corners of the globe, writes Neil Michael

Sat, 30 May, 2020

Wage subsidy scheme amended to include parents who were out on leave
Wage subsidy scheme amended to include parents who were out on leave
Women and men left out of the temporary wage subsidy scheme due to maternity or paternity leave will have their payments backdated to March.

Fri, 29 May, 2020

Decision on accelerating easing of restrictions to be made next week
Decision on accelerating easing of restrictions to be made next week
Taoiseach Leo Varadkar has said that the country is on track for phase two of the lockdown exit plan but any easing of restrictions cannot be “accelerated unsafely”.

Fri, 29 May, 2020

Paschal Donohoe: Public sector pay deal to be examined when new Government formed
Paschal Donohoe: Public sector pay deal to be examined when new Government formed
Unions have been campaigning for the increase to go ahead despite the predicted €30bn hole in the state's finances due to the Covid-19 pandemic.

Fri, 29 May, 2020

Covid-19: Paschal Donohoe to propose solution on payment loophole for women
Covid-19: Paschal Donohoe to propose solution on payment loophole for women
At the moment a glaring anomaly in the Covid-19 legislation means women who are returning to work from maternity leave can not be put on the wage subsidy scheme.

Fri, 29 May, 2020

Joe McHugh: Schools may not return in September
Joe McHugh: Schools may not return in September
Parents were thrown into further confusion yesterday after the Minister for Education said students would not be returning to school in September as normal.

Fri, 29 May, 2020

TD challenges Varadkar to live on €350 a week before considering reducing pandemic payment
TD challenges Varadkar to live on €350 a week before considering reducing pandemic payment
Leo Varadkar has said the Government will extend the pandemic unemployment payment beyond June 8 but a date for how long it will continue has not been decided yet.

Wed, 27 May, 2020

Paschal Donohoe warned against cuts to €350 Covid-19 payments
Paschal Donohoe warned against cuts to €350 Covid-19 payments
Patricia King, the head of the Irish Congress Trade Unions (ICTU), has warned Finance Minister Paschal Donohoe against cutting the €350 weekly pandemic payment at any time.

Tue, 26 May, 2020

Berlin to take 20% stake in €9bn bailout of Lufthansa as airline struggles amid Covid-19 travel fallout
Berlin to take 20% stake in €9bn bailout of Lufthansa as airline struggles amid Covid-19 travel fallout
Germany will offer Lufthansa a €9bn bailout in return for a 20% stake two decades after the airline was privatised with much fanfare.

Mon, 25 May, 2020

Challenge to banks refusing mortgage drawdown due to Covid-19 subsidy
Challenge to banks refusing mortgage drawdown due to Covid-19 subsidy
The Finance Minister has sent a "clear message" to the banks that mortgage applicants in receipt of the State's Covid-19 wage subsidy payment should not be blocked from drawing down their loans.

Thu, 21 May, 2020

Donohoe aware women on maternity leave locked out of wage subsidy scheme
Donohoe aware women on maternity leave locked out of wage subsidy scheme
The Finance Minister says that he is "very aware" of an anomaly in the Temporary Wage Subsidy Scheme which has locked women returning from maternity leave out of payments.

Wed, 20 May, 2020

16 deaths from Covid-19 confirmed and 51 new cases announced
16 deaths from Covid-19 confirmed and 51 new cases announced
There are now 24,251 cases of coronavirus in Ireland.

Tue, 19 May, 2020

Decision coming soon on Covid-19 unemployment payment says Paschal Donohoe
Decision coming soon on Covid-19 unemployment payment says Paschal Donohoe
Paschal Donohoe welcomed a commitment by France and Germany for a €500bn European recovery fund and said this would help support employment here and rebuild the Irish economy.

Tue, 19 May, 2020

Families reveal how mortgage draw downs being refused if in receipt of Covid 19 wage subsidy
Families reveal how mortgage draw downs being refused if in receipt of Covid 19 wage subsidy
Banks and some local authorities are preventing people in receipt of the State’s Covid-19 wage subsidy from drawing down their mortgages.

Tue, 19 May, 2020

Zappone to face Dáil questions over collapse of childcare scheme for frontline workers
Zappone to face Dáil questions over collapse of childcare scheme for frontline workers
Children's Minister Katherine Zappone will face the Dáil on Wednesday to answer questions on the collapse of the government's proposed childcare scheme for frontline workers.

Mon, 18 May, 2020

Taxpayers’ stake in banks falls over €10bn
Taxpayers’ stake in banks falls over €10bn
Finance Minister Paschal Donohoe's refusal to sell more shares in three bailed-out banks has seen the taxpayer's stake fall by more than €10 billion in less than two years, it can be revealed.

Mon, 18 May, 2020

Talks between FF and FG 'damaged' by 'unwarranted' attacks
Talks between FF and FG 'damaged' by 'unwarranted' attacks
Unwarranted Fianna Fáil attacks on Fine Gael have “damaged the talks” aimed at forming a government it has been claimed.

Sun, 17 May, 2020

Potential legal challenge to influence ‘tapering’ of Covid-19 jobless payments
Potential legal challenge to influence ‘tapering’ of Covid-19 jobless payments
The Government will try to stave off any potential legal challenges to the fairness of its Covid-19 welfare payments by raising the standard weekly unemployment payout even as it starts cutting the Covid-19 pandemic payments, according to a trade union think tank.

Sat, 09 May, 2020

Potential legal challenge over fairness to influence 'tapering' of Covid-19 unemployment pandemic payments
Potential legal challenge over fairness to influence 'tapering' of Covid-19 unemployment pandemic payments
The Government is open a legal challenge on the basis of the unfairness of its Covid-19 welfare payments and will likely have to raise the standard weekly unemployment payment when it starts reducing the pandemic payments in the coming months, a leading adviser to the Irish Congress of Trade Unions, or Ictu, has said.

Fri, 08 May, 2020

Sinn Féin calls for Covid-19 payments to continue until December
Sinn Féin calls for Covid-19 payments to continue until December
Sinn Féin says the payments will still be needed in December by up to a quarter of a million people who have been impacted by the coronavirus.

Thu, 07 May, 2020

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