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No abrupt end to Covid financial supports

Updated / Monday, 26 Apr 2021 16:07 Michael McGrath said the Government will finalise its approach for Covid supports beyond the end of June, when they are due to finish The Minister for Public Expenditure and Reform has said there will be no abrupt end to the Covid financial supports. Over the coming weeks, Michael McGrath said the Government will finalise its approach for those supports beyond the end of June, when they are due to finish. The Minister said the Government will be very careful in any decisions it makes and the supports will continue at the full rates at least until the end of June.

Irish jobs market accelerates as industries prepare for lifting of lockdown restrictions

Irish jobs market accelerates as industries prepare for lifting of lockdown restrictions New jobs figures   ); The Irish jobs market has experienced an increase in job vacancies in the first three months of this year as industries prepare for the steady lifting of lockdown restrictions, according to the latest Irish Jobs Index from e-recruitment platform IrishJobs.ie. The index, which analyses quarterly job vacancy data reveals that job postings for Q1 2021, were up 34% when compared to Q4 2020, showing early signs of an accelerated jobs market for the year ahead in line with the ongoing Covid-19 vaccination roll-out and the gradual easing of public health restrictions.

Survival prospects of many pandemic-hit firms highly uncertain , Central Bank warns

Minister for Finance Pascal Donohoe. “These figures suggest that, while companies have indeed managed to adjust to the realities of the pandemic, this adjustment for many reasons has not been enough to avoid companies experiencing losses,”Mr Makhlouf said. “Policymakers have acted to support vulnerable businesses and, thankfully, the pandemic has not yet been characterised by widespread company failures, owing to the unprecedented level of direct fiscal support and creditor forbearance that is in the system,” he said, while noting the important role the SME sector as an employer in the economy. Restrictions Also speaking at the same event was Minister for Finance Paschal Donohoe, who said the Irish economy was less impacted by the current restrictions this time around because consumers and businesses have adpated and adopted workarounds.

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