Budget 2021 is here. A budget like no other, drawn up on the assumptions of a no-deal Brexit and another year without a Covid-19 vaccine. It was delivered today by Minister for Finance Paschal Donohue and Minister for Public Expenditure and Reform Michael McGrath. The package, worth a staggering €17.75 billion euro, is the biggest in the history of the state. In this episode, Irish Times political reporter Jennifer Bray outlines the key points of today’s budget, while Cliff Taylor and Liam Diamond, Tax Partner at PwC Ireland, join Ciaran to discuss the green measures contained within and how this level of spending will affect the state in years to come.  Finally, Eoghan O’Mara Walsh, CEO of ITIC and Patricia Callan, Director of Drinks Ireland take a look at what Budget 2021 has delivered for the tourism and hospitality industries. Hosted on Acast. See acast.com/privacy for more information.

Budget 2021: “unprecedented in size and scale”

A weekly look at business and economics from an Irish perspective hosted by Irish Times Business Editor Ciarán Hancock. Produced in association with EY. See acast.com/privacy for privacy and opt-out information.

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On this week’s episode of Inside Business, host Ciarán Hancock is joined in studio by aviation entrepreneur Ulick McEvaddy. With his brother Des, Ulick has established a successful aviation business over the past 40 years called Omega.   He and Des also own a large parcel of land beside Dublin Airport. Along with two other landowners, it amounts to 260 acres and was put on the market for sale in the middle of last year.   With no sale agreed, they subsequently submitted a concept plan to Fingal County Council to develop the site for a third passenger terminal at Dublin Airport, as part of a €2.2 billion development.   He argues that for the same money as DAA is proposing to spend on its own expansion plan, his proposal would allow the airport to expand by an additional 20 million passengers while solving road access issues and providing a platform for Dublin to become a hub for sustainable aviation fuel.   Crucially, however, he doesn’t have access to the runway, something that was an issue for bidders in the land sale process.   You’ll hear Ulick address that issue and explain why his plan isn’t, as many believe, pie in the sky.   Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.

A third terminal at Dublin Airport - urgent necessity or pie in the sky?

On this week’s episode of the Inside Business podcast, we look at the pension pots that auto enrolment could deliver for workers on an average wage.   The State is planning to establish the scheme for workers who do not already have pension cover in their workplace. It has been much delayed but is moving forward and EY this week crunched the numbers to see what workers might get by way of a pension when they retire.   Dominic Coyle of the Irish Times reported on EY’s figures and joined host Ciarán Hancock in studio to explain how exactly auto enrolment will work.   Also on the podcast, the Minister for Finance Michael McGrath’s announced last week that he intended to set up two new funds to help meet the costs of running the State in the years ahead. Cliff Taylor of The Irish Times has been writing about this and joined Ciarán to outline what the funds would be used for and how much tax revenue would be set aside to fund them.
Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.

The auto-enrolment pension scheme seems good on paper, but how will it actually work?

Figures from the Society of the Irish Motor Industry this week showed that electric car sales are in reverse, falling by 14 per cent year on year in March. This compared with double digit increases in the sales of petrol and hybrid car. Even diesel sales rose by 9 per cent.   Meanwhile a survey by AA Ireland found that half of the 1000 respondents would not opt to buy an electric car.   Why the hesitance to go electric? And what can be done to incentivise people to buy EVs?   Irish Times motoring editor Michael McAleer joins host Ciarán Hancock in studio to explain why EV sales are going in the wrong direction.   Also on this week’s episode of Inside Business, Irish Times economics correspondent Eoin Burke-Kennedy discusses the drop in Irish inflation for March, where it fell below 2 per cent for the first time in three years. Could this persuade the European Central Bank to begin cutting interest rates from June? And what might it mean for mortgage rates?   Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.

Declining electric car sales: ‘depreciation is wild at the moment’

In this episode of Inside Business host Ciarán Hancock is joined in studio by Chief executive and founder of Cubic Telecom, Barry Napier. In a wide-ranging interview, Barry discusses his formative years in Ireland and Chicago, his early career before joining Cubic more than 15 years ago and the key entrepreneurial lessons he has learned along the way. 
He also gives his thoughts on why Japanese telecoms giant SoftBank shelled out €473 million for a 51 per cent controlling stake in Cubic last year.   Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.

In Profile: Barry Napier, Irish Times Business Person of the Year 2023

It feels like recent history repeating itself with TikTok again facing a ban in the US on national security grounds. A Bill passed through the House of Representatives last week requiring a change in ownership for the social media platform or it would face a total ban in the United States.
What if the ban becomes a reality? Host Laura Slattery is joined by Irish Times technology expert Ciara O’Brien to discuss the potential consequences for the hugely popular app that currently has 170 million active US users.
Also on this episode, we hear how Bitcoin has rebounded from the cryptocurrency implosion of 2022 to approach near record market value. What are the factors driving its resurgence and is it likely to last? Irish Times business reporter Ian Curran has the details.   Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.

Budget 2021: “unprecedented in size and scale”

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