Business Finance

The average price of motor insurance rose by 9% between 2023 and 2024, reaching €623, according to new data from the Central Bank of Ireland.

State tax revenues for the year to date are 7.3% higher than in 2024, according to the latest Exchequer Returns, leaving the Government in a strong fiscal position ahead of next month’s Budget.

The Department of Finance has estimated that reducing the VAT rate for the hospitality sector from 13.5% to 9% would cost the Exchequer €867 million over the course of a full year.