Social Welfare: The payment options when PUP ends for those still unemployed irishmirror.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from irishmirror.ie Daily Mail and Mail on Sunday newspapers.
Introduction
Over one year after the start of the COVID-19 crisis, there is still much uncertainty regarding the road towards economic recovery and its pace. Wage setting and wages are expected to play an important role in facilitating an inclusive and fast recovery. On the one hand, wage-setting mechanisms should be able to respond flexibly to the new conditions to reduce the impact on job losses. But at the same time, it is critical to maintain wage levels to maintain incomes and satisfy demands. Balancing these two imperatives is not an easy task, as is made evident by the difficulties experienced by social partners and governments when faced with the task of renewing collective agreements and negotiating or deciding on minimum wage increases.
Household net worth rose by 2.9% or €24bn in the final three months of the year.
Household savings continued to increase, up by €1bn, to stand at €7.4bn.
Housing assets also increased by €11.9bn during the quarter, while household liabilities remained relatively stable over the quarter.
Central Bank data shows that household net worth has grown annually since 2012.
Last year, household net worth increased by €49bn.
The rise in wealth is in contrast to the impact of the pandemic on many households.
The data shows that households experienced a fall in pay of €5.1bn over the year.
Households have also seen a €11.1bn rise in social transfers and subsidies, including the Pandemic Unemployment Payment, the Temporary Wage Subsidy Scheme and the Employment Wage Subsidy Scheme, alongside a fall in consumption of €9.2bn in 2020.
Great energy as Longford reopens for business
Reporter: );
);
It’s been the best part of 14 months in the making, but from next week the economic shackles inflicted by Covid-19 will finally be loosened as Longford’s retail industry reopens its doors to business.
The first chinks of fiscal salvation will come next Monday when hairdressers, barbers and personal services such as beauticians and nail salons welcome customers back for the first time in several months.
In conjunction with the reestablishment of intercounty travel from May 10 alongside the reinstatement of galleries, museums and libraries, all eyes will turn to Monday week when retailers can finally pick up where Covid-19 had them off at Christmas.
Number on Covid-19 unemployment payment falls below 400,000 Pandemic Unemployment Payment to be paid to more than 385,000 people this week
Tue, May 4, 2021, 20:02
The number of people claiming the Pandemic Unemployment Payment (PUP) has fallen below 400,000 for the first time this year, the Department of Social Protection has said.
The latest figures on the State’s support for those who have lost their jobs in the Covid-19 pandemic show that 385,211 people will be paid €114.1 million in payments this week.
This is in addition to the 183,096 people who were on the Live Register at the end of March.
It brings to more than €7.4 billion the total paid under the financial support introduced in March 2020 as the Government was forced to support people made unemployed by the pandemic. PUP sums paid range from €203 to €350 per week.