The UK property market is heating up with a surge in asking prices, largely due to high-earning first-time buyers, according to the recent quarterly report from MyHome.ie. Meanwhile, the number of litsted properties is at a record low. Michael McGrath, the finance minister, advocates for two newly set up long-term investment funds, claiming they are key to the State’s future financial stability.
In other news, Sue Gray, a former high-ranking civil servant, is assisting Labour Party’s Keir Starmer in his campaign for UK government. Pilita Clark comments on a study which suggests social class may have a bigger influence on job promotion prospects than gender, ethnicity or sexual orientation.
A fresh survey reveals that many Irish employees feel unsupported in their wellbeing at work. Ray McKenna from Locktons, the agency behind the research, points out the disconnect between what employees require and employers’ comprehension of those needs.
Grant Thornton has been focusing on workplace issues. According to their latest international business report, rising labour costs trouble mid-sized Irish businesses, although they maintain more optimism in business outlook compared to their UK and European peers.
Aon, in collaboration with Irish Life Investment Managers, has rolled out a €500 million climate transition fund. The fund is fuelled by Aon’s master trust that manages the pensions of 39,000 employees across the State. With €2.7 billion managed assets, it’s the first major investment from the trust.
The financial implications of Irish reunification are likely to pose disputes. Despite the costs that the Republic could incur as UK withdraws its allowance, Eoin Burke-Kennedy suggests that developing the North’s languishing economy will unavoidably bring about substantial charges for the Irish government.
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