Sometimes your words can come back to haunt you. Four months ago, I was waxing lyrical about how the conservative nature of Irish banks would mean they’re likely to ride out the credit crunch. Now, however, the picture looks decidedly grim. Bank of Ireland’s share price fell to the lowest level in 19 years after it said the deteriorating Irish economy was “adversely impacting” earnings. Allied Irish Bank, Anglo Irish... Read more
By Paul Clarke 17 Jul 2008 - 0 comments
On London trains, there is a poster campaign which features uniformed employees battered and bruised. Its purpose is to highlight the increasing levels of physical abuse dished out by frustrated commuters on its staff. What’s the point of me mentioning this, you might ask? Well, in spite of the obvious physical and psychological damage it causes the staff member involved, you have to wonder what the perpetrators expect to achieve.... Read more
By Paul Clarke 24 Feb 2009 - 0 comments
It’s all very well keeping the ‘shop window’ corporation tax rate at 12.5%, but the tough stance on income tax in Ireland’s emergency budget could have the unintended consequence of erecting a stumbling block to the flow of foreign financial services firms entering the country. Just to clarify, the income levy – controversially imposed in October 2008 - has been doubled in this week’s emergency budget. It rises to 2% for... Read more
By Paul Clarke 09 Apr 2009 - 0 comments
After long-running media speculation, the inevitable job cuts at Anglo Irish Bank are said to be on the cusp of being decided. We just have to wait for the boss (or the government as it's otherwise known) to give the green light. But, if these redundancies do turn out to be voluntary, it could be a very bad move to accept the offer. Anglo is likely chop anywhere between 200-500 heads... Read more
By Paul Clarke 02 Nov 2009 - 0 comments
Yesterday evening, during which was supposed to be a peaceful protest against the bail out of Ireland's banks by the Right to Work campaign, a breakaway group of 100 people charged the gates of Leinster House in an attempt to gain access to the grounds. The resulting melee was nothing to write home about – around three people sustained minor injuries as gardai successfully blocked out the protesters. What's worrying, however,... Read more
By Paul Clarke 12 May 2010 - 0 comments