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Aer Lingus baggage problems, Deloitte suggests 30% tax rate, and electricity supply issues

Business Today: the best news, analysis and comment from The Irish Times business desk

Aer Lingus says lost luggage could remain an issue for the rest of the summer.

Ciarán Hancock's face
Ciarán Hancock
Mon Jul 25 2022 - 06:25

Problems that have delayed or mislaid Aer Lingus passengers’ bags could last for the rest of the summer, but the airline says it is taking steps to improve the situation, including hiring more call centre staff. Barry O’Halloran reports.

A new 30 per cent middle rate of income tax should be introduced to ease the burden on workers and a review should be undertaken of the tax treatment of share-based remuneration to help companies in “attracting and retaining talent”, professional services firm Deloitte has told the Government in its pre-budget submission. Ciarán Hancock has the details.

The Republic’s trade with the rest of the world topped €840 billion last year despite Covid-19 curbs, Brexit and global tensions, a new report states. Barry O’Halloran reports.

The electricity regulator warned recently that the risk to security of supply of power in Ireland was “acute” amid fears of significant outages and collateral damage to Government policy on climate change, writes Ken Foxe.

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Irish services business Dangan Group plans to create more than 400 jobs over the coming three years as it expands its activities across the country. Barry O’Halloran has the details.

Barry also reports on a new Bank of Ireland survey that shows that almost two out of three families here are holding on to cash as they are uncertain about the future amid rising inflation.

In our Opinion piece, Holly Pettingale, a director with FTI Consulting, says its time for business to realise that exploiting nature just for profit no longer makes sense.

In Q&A, a KBC fixed-rate mortgage holder wonders why the bank can move their loan to Bank of Ireland without any consultation as it prepares to exit the Irish market but they face having to pay a break fee if they choose to move it to another lender of their choice. Dominic Coyle offers a sanity check.

Twitter’s problem is that it is fighting the wrong Musk persona, according to Financial Times columnist Elaine Moore.

The ECB’s rate rise last week has turned the tables on panicky markets and policymakers, writes Martin Sandbu of the Financial Times.

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