Register to Comment
Page 804 of 870 FirstFirst ... 304704754794802803804805806814854 ... LastLast
Results 8,031 to 8,040 of 8698
Like Tree1877Likes
  1. #8031
    Vincent Clarke Vincent Clarke is offline

    Join Date
    Jan 2018
    Posts
    162

    A housing bubble is developing rapidly. We’re going down the same path as before. The impact on Irish politics when this all goes down the drain will be profound.
    Sign in or Register Now to reply

  2. #8032
    SamsonS SamsonS is offline

    Join Date
    Oct 2009
    Posts
    4,276

    Quote Originally Posted by HarshBuzz View Post
    Nope. Things started falling off a cliff in Q1 2017!

    It was 2006. 11 years ago.
    Just would caution that its not really a surplus, as we had the AIB money, which we won't have this year.

    But on the overall picture, its great to see it getting back into balance, and as we saw with those county tax figures, it seems that the recovery is fully in place all over.

    Obviously we have still massive domestic, health,housing and homelessness challenges, but you can certainly have a better chance of improving them with a strong economy rather than a drowning one.

    I think the outside risks might also help to keep a lid on demands for more spending and more tax cuts.
    Sign in or Register Now to reply

  3. #8033
    HarshBuzz HarshBuzz is offline
    HarshBuzz's Avatar
    Join Date
    Feb 2008
    Posts
    13,219

    Quote Originally Posted by SamsonS View Post
    Just would caution that its not really a surplus, as we had the AIB money, which we won't have this year.

    But on the overall picture, its great to see it getting back into balance, and as we saw with those county tax figures, it seems that the recovery is fully in place all over.

    Obviously we have still massive domestic, health,housing and homelessness challenges, but you can certainly have a better chance of improving them with a strong economy rather than a drowning one.

    I think the outside risks might also help to keep a lid on demands for more spending and more tax cuts.
    Capital investment is what we have to ramp up.

    We should be actively trying to cut the SW Budget and to strictly constrain PS pay and pensions.
    Sign in or Register Now to reply

  4. #8034
    hammer hammer is offline
    hammer's Avatar
    Join Date
    Jul 2009
    Posts
    64,957

    Todays Indo

    "The services sector has enjoyed a strong finish to 2017, according to the latest Investec Services PMI Ireland report.

    The headline PMI strengthened to 60.4 in December, an eight month high, from November’s 56.0 outturn.

    Any mark over 50 is deemed growth.

    The improvement appears to have been domestically-driven, as the new export orders component saw a moderation in the implied growth rate, notwithstanding higher orders from UK clients.

    Overall the report shows that new orders grew at a slightly faster pace in December than in the previous month, with more than two-and-a-half times as many panellists reporting a rise in new business as opposed to those disclosing a decline.

    Companies responded to the increased client demand by adding to headcounts.

    The employment component of the index has now posted 64 successive above-50 readings.

    The improvement in hiring was demonstrated by December being the 14th consecutive month in which employment simultaneously grew across all of the segments of the services sector that are captured by the report, including business services, financial services and travel and leisure.

    Despite the availability of extra resources, business outstanding increase for the 55th successive month in December.

    Looking at margins, companies experienced another rise in input costs, with higher salaries, insurance costs, and utility prices blamed for the latest increase.



    However companies were able to pass some of the costs on, with the rate of growth in prices charged quickening to a five month high.


    These price increases, allied to volume growth, have led to a strengthening in the profitability index.

    Earlier this week manufacturing data from Investec showed that new orders and employment in the manufacturing sector here rose at their fastest pace in 20 years as 2017 drew to a close.

    The pace of growth in the manufacturing sector as the year ended was the strongest since the survey began in 1998.

    "Combining that [manufacturing data] with today’s eight month high in the headline Services PMI indicates that the momentum behind the Irish economy going into 2018 is very strong," Philip O'Sullivan, "



    What feckin recovery doomsters ?
    Sign in or Register Now to reply

  5. #8035
    hammer hammer is offline
    hammer's Avatar
    Join Date
    Jul 2009
    Posts
    64,957

    Quote Originally Posted by Vincent Clarke View Post
    A housing bubble is developing rapidly. We’re going down the same path as before. The impact on Irish politics when this all goes down the drain will be profound.
    Nope you will find that every tom,dick & harry doesnt have access to

    100% mortgages
    40 year mortgages
    tracker rates
    Interest only mortgages
    10 times income mortgages
    Any amount of credit they want.

    But yes, house prices are increasing.
    Sign in or Register Now to reply

  6. #8036
    hammer hammer is offline
    hammer's Avatar
    Join Date
    Jul 2009
    Posts
    64,957

    "Income Tax 20,009 -236 -1.2% 840 4.4%
    Of which Income tax PAYE & total USC 16,793 +3 0.0% 1,330 8.6%"

    Did you see this Samson ?

    Looks like they have made an adjustment / clarification to prove that the doomsters / media are wrong.

    Looks like paye, usc up 8.6% on 2016.




    What recovery ?
    Sign in or Register Now to reply

  7. #8037
    Watcher2 Watcher2 is offline

    Join Date
    May 2010
    Posts
    31,341

    Quote Originally Posted by Vincent Clarke View Post
    A housing bubble is developing rapidly. We’re going down the same path as before. The impact on Irish politics when this all goes down the drain will be profound.
    It has been developing for the past few years Vincent. A few of us have been pointing out the rapid and steep double digit price increases these past years.
    Sign in or Register Now to reply

  8. #8038
    Watcher2 Watcher2 is offline

    Join Date
    May 2010
    Posts
    31,341

    Quote Originally Posted by hammer View Post
    Todays Indo

    "The services sector has enjoyed a strong finish to 2017, according to the latest Investec Services PMI Ireland report.

    The headline PMI strengthened to 60.4 in December, an eight month high, from November’s 56.0 outturn.

    Any mark over 50 is deemed growth.

    The improvement appears to have been domestically-driven, as the new export orders component saw a moderation in the implied growth rate, notwithstanding higher orders from UK clients.

    Overall the report shows that new orders grew at a slightly faster pace in December than in the previous month, with more than two-and-a-half times as many panellists reporting a rise in new business as opposed to those disclosing a decline.

    Companies responded to the increased client demand by adding to headcounts.

    The employment component of the index has now posted 64 successive above-50 readings.

    The improvement in hiring was demonstrated by December being the 14th consecutive month in which employment simultaneously grew across all of the segments of the services sector that are captured by the report, including business services, financial services and travel and leisure.

    Despite the availability of extra resources, business outstanding increase for the 55th successive month in December.

    Looking at margins, companies experienced another rise in input costs, with higher salaries, insurance costs, and utility prices blamed for the latest increase.



    However companies were able to pass some of the costs on, with the rate of growth in prices charged quickening to a five month high.


    These price increases, allied to volume growth, have led to a strengthening in the profitability index.

    Earlier this week manufacturing data from Investec showed that new orders and employment in the manufacturing sector here rose at their fastest pace in 20 years as 2017 drew to a close.

    The pace of growth in the manufacturing sector as the year ended was the strongest since the survey began in 1998.

    "Combining that [manufacturing data] with today’s eight month high in the headline Services PMI indicates that the momentum behind the Irish economy going into 2018 is very strong," Philip O'Sullivan, "



    What feckin recovery doomsters ?
    We have a continuing and growing problem with the type of employment in this country, especially in the services sectors. The level of precarious employment is increasing apace. The actual line between employment and forced 'self employment' is very blurry with these new jobs. Zero hours and 'if and when" contracts are all over the services sector.
    Sign in or Register Now to reply

  9. #8039
    SamsonS SamsonS is offline

    Join Date
    Oct 2009
    Posts
    4,276

    Quote Originally Posted by hammer View Post
    "Income Tax 20,009 -236 -1.2% 840 4.4%
    Of which Income tax PAYE & total USC 16,793 +3 0.0% 1,330 8.6%"

    Did you see this Samson ?

    Looks like they have made an adjustment / clarification to prove that the doomsters / media are wrong.

    Looks like paye, usc up 8.6% on 2016.




    What recovery ?
    Hadn't copped that, here it is from the document-

    "DIRECT TAXES  Income tax receipts of €1,726 million were collected in December, coming in €15 million or 0.9% above profile for the month. This equates to a 6.3% increase when compared to December 2016. As a result, cumulative income tax receipts at end December of €20,009 million were marginally down 1.2% or €236 million against profile, but up 4.4% or €840 million in year-on-year terms.
    Importantly, the key income tax component, i.e. PAYE income tax (which accounts for c. 65% or €13.1 billion of total income tax receipts) closed the year exactly on target, which equates to strong annual growth of 9.0% or €1,085 million and reflects a buoyant labour market. In addition, overall USC receipts closed the year on target, up €3 million or 0.1%. "

    9% growth in PAYE in a year. To get that, when tax rates were reduced slightly, means very strong growth in wages, which we know did not happen, or very strong growth in full time employment, and we know that this is happening. We also know that approximately 900,00 workers pay no income tax or USC.
    Sign in or Register Now to reply

  10. #8040
    hammer hammer is offline
    hammer's Avatar
    Join Date
    Jul 2009
    Posts
    64,957

    Quote Originally Posted by SamsonS View Post
    9% growth in PAYE in a year. To get that, when tax rates were reduced slightly, means very strong growth in wages, which we know did not happen, or very strong growth in full time employment, and we know that this is happening. We also know that approximately 900,00 workers pay no income tax or USC.
    Its incredible.

    9% growth.

    But the doomsters are still moaning about it.
    Sign in or Register Now to reply

Sign in to CommentRegister to Comment