Sinopsis
A weekly look at business and economics from an Irish perspective hosted by Irish Times Finance Correspondent Ciarán Hancock.
Episodios
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Ireland 'ahead of the posse' for Brexit & Tax Strategy Group
02/08/2017 Duración: 32minPresident of the Irish Exporters Association Nicola Byrne explains why Ireland is “way ahead of the posse” in preparing for Brexit.There is still a lot to do, but there is also a “huge amount that can happen in the right direction” for Ireland after Britain leaves the European Union, she tells presenter Cliff Taylor.They are joined by associate research professor at the Economic and Social Research Institute Martina Lawless, who outlines what the worst-case scenario could be when it comes to tariffs and barriers, and why paperwork may be a bigger concern for many Irish exporters post-Brexit.In the second half of the show, Irish Times business journalist Fiona Reddan takes us through some of the ideas being mooted by the department of finance’s tax strategy group, including the prospect of abolishing relief on family homes from capital gains tax when they are sold. See acast.com/privacy for privacy and opt-out information.
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Wheels Coming Off Germany's Auto Industry & The BBC's Pay Gap Row
26/07/2017 Duración: 27minThe wheels are starting to come off the German auto industry, with the country’s five biggest car makers facing allegations that they have engaged in cartel-like behaviour for more than a decade. Speaking on the latest podcast, Irish Times Berlin Correspondent Derek Scally says the industry, worth around €400 billion to the German economy annually, is too big to fail, but if the latest allegations are proved to be true then the diesel emissions scandal at Volkswagen will prove to have been just the opening act.In the second part of the show, Laura Slattery has the background on the row over the gender pay gap at the BBC and what the spill-over might be for RTÉ. See acast.com/privacy for privacy and opt-out information.
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Brexit's Impact / Personal Contract Plans
19/07/2017 Duración: 34minWe return to the topic of Brexit. Patrick Smyth in Brussels has the latest on negotiations between the EU and UK taking place this week. Joe Brennan tells us about the latest announcements and rumours around banking and insurance moves, while Eoin Burke Kennedy looks at the impact so far on Irish industries. In part two our resident motoring expert Michael McAleer explains the financing method that up to 30% of those buying brand new cars in Ireland are now using. A Personal Finance Plan is a good option for many - but not for all. And more regulation may be needed, says Michael. See acast.com/privacy for privacy and opt-out information.
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Weighing Up 'The Summer Statement' With Cliff Taylor, Jim Power & Joe Brennan
12/07/2017 Duración: 35minWe look over the components of Minister for Finance Paschal Donohoe's summer statement on the public finances. Is there any need for a rainy day fund at all? What kind of capital investment should be prioritised? Should the 9% VAT rate for tourism go? Cliff Taylor, Jim Power and Joe Brennan join Ciarán Hancock to tackle those questions and more. See acast.com/privacy for privacy and opt-out information.
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Motor Insurers Under The Spotlight, Tax Take, Waiting for Broadband
05/07/2017 Duración: 23minAs our absent host Ciaran Hancock pointed out in his column this week, few tears will have been shed among the public at news that motor insurance providers were raided yesterday by the European Commission. But what's really going on behind closed doors in the industry? Joe Brennan and Cliff Taylor explain why lower premiums are unlikely, no matter what the outcome of investigations. Then Eoin Burke-Kennedy has analysis of the latest exchequer figure returns for the first half of the year, and the interminable wait for provision of rural broadband. Today's podcast is hosted by Dominic Coyle. See acast.com/privacy for privacy and opt-out information.
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Mark FitzGerald of Sherry Fitz on The Crash, The Housing Crisis & Tips for Buyers
28/06/2017 Duración: 37minSherry Fitzgerald founder Mark FitzGerald is Ciarán Hancock's guest on the Inside Business podcast. He talks about the need for radical thinking to solve the housing crisis, recalls his time in the estate agent business and a few memories of his late father Garret, and shares some tips for first time buyers. See acast.com/privacy for privacy and opt-out information.
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Hotelier Howard Hastings & RTÉ’s €107.5m Land Sale
21/06/2017 Duración: 32minNorthern Irish hotelier and managing director of the Hastings chain of hotels, Howard Hastings, was in Dublin this week to announce plans for a £53 million investment in a new hotel in Belfast called the Grand Central, which will be the city's largest once completed. He spoke to Ciaran Hancock about his new hotel and about tourism in Belfast, which he says is "sound" and has not yet been affected on the ground by the lack of an administration at Stormont. They also discussed Brexit and what impact that may have on the Northern Ireland hotel sector, which currently has 20% VAT on room rates, compared to 9% in the Republic.Later in the podcast, Laura Slattery has the latest on RTÉ's €107.5 million euro land sale and what that money may be used for. See acast.com/privacy for privacy and opt-out information.
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Brexit Back-Flipping, Ireland's "Whitaker moment" & Profit-Share for AIB Staff
14/06/2017 Duración: 43minWill the UK's hung parliament lead to a softer Brexit? Maybe according to Director General of The British Irish Chamber of Commerce John McGrane. But it would take "somebody of the unique 'backflipability' of a Boris Johnson to come out and say: I've looked into my heart, de Valera-like, and I've read the will of the people and it's for a soft Brexit."He is joined by economist Jim Power to discuss what a softer border with Northern Ireland might look like and what Ireland's new Taoiseach Leo Varadkar should do for the economy.In the second half of the show, Larry Broderick of the Financial Services Union talks to Joe Brennan about the AIB IPO and explains why the bank should establish a profit-share with staff in recognition of their role in getting it back on its feet. See acast.com/privacy for privacy and opt-out information.
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Noonan's Legacy: A Game of Two Halves? / Apple & Netflix
07/06/2017 Duración: 35minAs Michael Noonan prepares to hang up his boots at the Department of Finance, former Labour TD Pat Rabbitte and IBEC's Danny McCoy join Cliff Taylor and Ciarán Hancock to discuss his legacy.In the second part of the show, Laura Slattery and Davin O'Dwyer are in studio to talk about the announcements made at Apple's conference on Monday, including that Amazon Prime will now be available on Apple TV. They look at what affect, if any, that might have on Netflix. See acast.com/privacy for privacy and opt-out information.
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"Sorry mate, you can't spend it" - AIB's IPO, Ryanair, Mercantile Divorce & Bid Rigging
31/05/2017 Duración: 36minWith an expected price tag of €3 billion, the AIB flotation green-lighted by the Finance Minister Michael Noonan on Tuesday, will be one of the biggest in Europe in recent years.Does that mean the government will have extra money to spend on much-needed infrastructure once the sale goes through? Not exactly, Cliff Taylor tells the latest Inside Business podcast.Under restrictive EU rules, the government must use the proceeds of the sale to pay down debt. With the Irish market badly exposed to the impending Brexit, the panel discuss whether now is the time to plead our case to our European partners.Later on in the podcast, Mark Paul tells us about the ‘immunity phone’, in the context of a bid rigging case at the Central Criminal Court, and he is joined by Barry O’Halloran for a discussion on Ryanair’s profits and the final divorce settlement in the Mercantile pub row. See acast.com/privacy for privacy and opt-out information.
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"You're Always An Innkeeper" - Hotelier John Fitzpatrick On 25 Years Of Success In New York
24/05/2017 Duración: 38minIn the early 1990's John Fitzpatrick went to New York to run a new hotel owned by his father. Today, Fitzpatrick is now one of New York hospitality's most well known names, and his two hotels are havens for Irish visitors to the city. In the 25 years in between he has seen many ups and downs in the trade, from the post-9/11 downturn to monthly Celtic Tiger-era shopping trips by the wealthy Irish, and the advent of AirBnB.He tells Ciarán Hancock about his quarter century in New York. See acast.com/privacy for privacy and opt-out information.
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"The French Don't Eat Cheddar", Bank Job Bonanza, Sports Direct Squeezes Competition
17/05/2017 Duración: 33minExporters, particularly in the agri-food sector, are already beginning to feel the Brexit pinch, according to Enterprise Ireland. Is enough being done to protect the economy from restricted access to the UK market? Can that damage be offset by growth in the financial services sector? And will we have enough homes to house all the new bankers? To discuss all this we're joined by economist Jim Power, and Joe Brennan and Eoin Burke Kennedy from The Irish Times business team. In part two: controversial UK retailer Sports Direct opened its first major standalone store in Dublin this week. Mark Paul paid a visit and found a tough competitor for established players such as Lifestyle and Elverys.Inside Business is produced in association with Irish Life. See acast.com/privacy for privacy and opt-out information.
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Pay Commission Flash-points & Athlone Town Betting Scandal
10/05/2017 Duración: 46minThe path has been paved for the government and public sector unions to enter into talks on a new pay deal for the country’s 300,000 State employees, following the publication of the report of the Public Sector Pay Commission yesterday.On the latest Inside Business podcast, Industry Correspondent Martin Wall joins Director of Research at Savills Ireland, John McCartney, to discuss what will be the flash-points when that time comes.Also in this episode, the Government has backed off plans to force owners of PCs, laptops and tablets to pay the TV licence fee. Laura Slattery has the background on this and on Virgin Media Ireland’s insistence that it will not pay for access to RTÉ channels.In the second half of the show, as the FAI continues its investigation into the betting allegations engulfing League of Ireland side Athlone Town, Irish Times football correspondent Emmett Malone has the latest in this extraordinary story. See acast.com/privacy for privacy and opt-out information.
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Brexit Posturing, JP Morgan, Central Bank report, & more
03/05/2017 Duración: 27minTrenchant ground is being staked out in Brussels and in London, as Brexit posturing continues before any real talks get underway.In this episode, Laura Slattery steps in for Ciarán Hancock to lead the team in a look at this and some of the other big stories of the week.It was a good day for the exchequer today, as the Central Bank’s annual report recorded a profit of 2.3bn euro for 2016. Eoin Burke-Kennedy reports on the main findings. The deadline for PAYE workers to declare tax on their offshore assets is 5.30pm, Thursday, May 4th. Deputy Business Editor Dominic Coyle explains why those missing the deadline are not likely to meet with any sympathy from the Revenue Commissioners.And, Markets Correspondent Joe Brennan casts the net stateside, where trouble is brewing between George Soros’s Quantum Partners fund and the board of Kennedy Wilson Europe. See acast.com/privacy for privacy and opt-out information.
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The Future of Banking with David Duffy, Mairead Jackson & Gavin Kelly
27/04/2017 Duración: 59minWhat role if any will traditional bricks and mortar banks play in the future dominated by disruptive technology like AI, robotics and social media? For the first ever Inside Business episode recorded in front of a live audience, we asked three of Ireland's top experts to predict the future of the industry.The panel: David Duffy, chief executive of CYBG (Clydesdale and Yorkshire Bank) in the UK and a former AIB CEO, Gavin Kelly, director of distribution channels with Bank of Ireland, and Mairead Jackson, managing director of Accenture. See acast.com/privacy for privacy and opt-out information.
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UK Elections = Softer Brexit? & US Reviews H-1B Visa
19/04/2017 Duración: 29minWhat exactly does the British Prime Minister want? That’s the question Irish Times columnist Chris Johns asks in the latest podcast.He joins Business Editor Cliff Taylor and Markets Correspondent Joe Brennan to discuss the fallout from Theresa May’s surprise announcement of a snap UK election yesterday, how it might affect the Brexit negotiations and what impact will be felt here in Ireland.Later in the podcast, Simon Carswell has the details of Trump's plan to review of the H-1B visa programme and outlines what it's likely to mean for Irish people seeking to work in the US. There is also some discussion of the setbacks to Trump’s tax reform plans and why that means Irish businesses can breathe a sigh of relief, for now at least.If you’d like to have your say on the issues we cover, you can email businesspodcast@irishtimes.comYou can also get the latest business news by signing up to businesstoday@irishtimes.com and you can follow us on Twitter and Facebook See acast.com/privacy for privacy and opt-out infor
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Economic Expectations, Communicorp's CEOs & Norwegian Air
12/04/2017 Duración: 36minWith conflicting messages coming from the Minister for Finance and the Department of Finance on exactly how much scope there will be for expenditure and tax cuts in the 2018 budget, the only thing that is certain is that there won't be a whole lot to spare.Irish Times Business Editor Cliff Taylor joins Ciarán Hancock to crunch the numbers, while Barry O'Halloran has the latest on Norwegian Air's plans to enter the South American market and Laura Slattery reports on Communicorp's CEOs cull.The panel also discuss the North-South electricity inter-connector, banker's salaries and how Brexit will impact media advertising. See acast.com/privacy for privacy and opt-out information.
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Is this a new bubble, or what? / Paul Dowling on Relm
05/04/2017 Duración: 36minAnother sharp rise in house prices in the first quarter of 2017 has left some wondering if the market is not once again overheating to a dangerous degree. Is the bubble back? What exactly is driving the rise, and can we expect acceleration to slow as more housing is supplied? We ask architect Mel Reynolds and economist Marian Finnegan of Sherry Fitzgerald.After that we're on to commercial property. Relm is a new commercial lending fund venture, co-founded by Richard Barrett, that will invest €200 million in Irish projects over seven years. We talk to CEO Paul Dowling about what this offers that traditional lenders cannot. See acast.com/privacy for privacy and opt-out information.
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Tackling a Two Tier Recovery & Brexit Begins
29/03/2017 Duración: 39minFianna Fáil’s spokesperson on jobs and enterprise, Niall Collins, has criticised the government for allowing a two tier economic recovery take hold across the country.Speaking to Wednesday’s Inside Business podcast, the Limerick TD said the idea that Dublin’s cup must overflow in order for the recovery trickle down to the rest of the country has to change.However, president of the National College of Ireland and former CEO of the Dublin Chamber of Commerce, Gina Quin, said it should not be a case of ‘us versus them’, but rather one of how a prosperous Dublin can drive growth in the regional economies.Later in the podcast, the panel discussed Brexit and British Prime Minister Theresa May’s triggering of article 50, beginning what are likely to be lengthy negotiations with the EU.Irish Times Business Editor Cliff Taylor took us through the timeline and what happens next, while economist Jim Power said anyone who claims to know how the talks might turn out is mad and reiterated his calls for the appointment of a
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Independent CEO Makes Protected Disclosure, Dee Forbes's Plan For RTÉ
22/03/2017 Duración: 29min"Even in the colourful history book of corporate Ireland and its standards of governance, this could yet turn out to be a particularly psychedelic chapter", wrote Mark Paul, breaking the news that INM CEO Robert Pitt made a protected disclosure to the Office of the Director of Corporate Enforcement about the value his company's board put on its acquisition target, Newstalk. Mark is here to talk us through the story. And Laura Slattery lays out what we know about RTÉ DG Dee Forbes's restructuring plan which is said to involve the loss of 200 jobs at the state broadcaster, and what the future might look like in Montrose. See acast.com/privacy for privacy and opt-out information.