Menu
05/11/2010
Cowen Unveils Plans For €6bn Cuts
Taoiseach Brian Cowen has unveiled plans for €6 billion worth of cuts ahead of the Budget announcement.
Mr Cowen revealed the plans yesterday, which have since been described by the European Commission as "appropriate".
However, the figure is double the amount indicated by Finance Minister Brian Lenihan in last year's Budget.
It has been estimated that a total of €15 billion will need to be slashed from public spending over the next four years in order to achieve its deficit target of 3% by 2014.
The four-year Budget plan was expected to be announced in the middle of November, but speculation is mounting that the announcement may be delayed until after the Donegal South West by-election, which is due to be held on November 25.
(KMcA/BMcC)
Mr Cowen revealed the plans yesterday, which have since been described by the European Commission as "appropriate".
However, the figure is double the amount indicated by Finance Minister Brian Lenihan in last year's Budget.
It has been estimated that a total of €15 billion will need to be slashed from public spending over the next four years in order to achieve its deficit target of 3% by 2014.
The four-year Budget plan was expected to be announced in the middle of November, but speculation is mounting that the announcement may be delayed until after the Donegal South West by-election, which is due to be held on November 25.
(KMcA/BMcC)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
28 October 2010
€15bn Cut Will Affect Living Standards
The Irish Taoiseach has admitted the Government's unprecedented €15 billion cut in spending over the next four years will affect living standards. Brian Cowen made the admission this morning after a two day cabinet meeting where minister's drew up a plan to tackle Ireland's vast deficit.
€15bn Cut Will Affect Living Standards
The Irish Taoiseach has admitted the Government's unprecedented €15 billion cut in spending over the next four years will affect living standards. Brian Cowen made the admission this morning after a two day cabinet meeting where minister's drew up a plan to tackle Ireland's vast deficit.
21 October 2010
PMS Bail-Out 'Softens' £4bn Cut-Backs
A House of Commons announcement on a 'bail-out' for NI savers has been welcomed as "a great relief".
PMS Bail-Out 'Softens' £4bn Cut-Backs
A House of Commons announcement on a 'bail-out' for NI savers has been welcomed as "a great relief".
27 July 2011
Fare Increases For 'Profitable Ryanair'
The Irish 'budget airline' Ryanair has reported a jump in first quarter profits and passenger numbers. However, it still aims to push up fares, which the firm said would rise by an average of up to 12% in the year to the end of March 2012 as fuel prices rise.
Fare Increases For 'Profitable Ryanair'
The Irish 'budget airline' Ryanair has reported a jump in first quarter profits and passenger numbers. However, it still aims to push up fares, which the firm said would rise by an average of up to 12% in the year to the end of March 2012 as fuel prices rise.
20 July 2010
Ash Cloud Hits Budget Airline's Profits
Low cost carrer Ryanair has announced a drop in profits of 24%, due to the disruption caused by the volcanic ash cloud earlier this year. The budget airline's first-quarter profits announcement saw a net profit of £117.8 million in the three months to the end of June, representing an increase of 1% on last year's figures.
Ash Cloud Hits Budget Airline's Profits
Low cost carrer Ryanair has announced a drop in profits of 24%, due to the disruption caused by the volcanic ash cloud earlier this year. The budget airline's first-quarter profits announcement saw a net profit of £117.8 million in the three months to the end of June, representing an increase of 1% on last year's figures.
25 January 2011
Eire's Attraction For Investment 'Undiminished'
Despite the ongoing political turmoil, former Fianna Fail leader Brian Cowen has claimed Ireland's ability to attract Foreign Direct Investment is "undiminished". Taoiseach Brian Cowen made the comments at a special event in the Department of Foreign Affairs, involving the President of the United States Chamber of Commerce, Tom Donohue.
Eire's Attraction For Investment 'Undiminished'
Despite the ongoing political turmoil, former Fianna Fail leader Brian Cowen has claimed Ireland's ability to attract Foreign Direct Investment is "undiminished". Taoiseach Brian Cowen made the comments at a special event in the Department of Foreign Affairs, involving the President of the United States Chamber of Commerce, Tom Donohue.
-
Northern Ireland WeatherThis Evening and Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Perhaps a touch of ground frost. Cloud will spread east towards morning. Minimum temperature 2 °C.
