Find a page

Business costs rising again - NCC
24 Apr 2015 14:02
The cost of doing business in Ireland is rising, according to a new report from the National Competitiveness Council.
-
The report, commissioned as part of the Government's Action Plan for Jobs, said that Ireland has become a more competitive country since the financial crisis but that upward cost pressures are now again emerging.
-
The NCC said the current weakness of the euro relative to sterling and the dollar is of benefit to Ireland as it makes exports outside the euro zone more competitive.
-
But it added that the currency slide masks domestically-driven price increases. These include higher rents, wages and salaries in certain sectors and energy costs.
-
It noted that unit labour costs are increasing again having fallen for several years but that the pace at which they are rising is slower than the average rate across the euro area.
-
It also pointed out, though, that the cost of consumer goods and services in Ireland is the third highest in the euro area.
-
The National Competitiveness Council chairman Peter Clinch said there is a role for both the public and private sectors alike to manage their cost bases and drive efficiency.
-
He urged the creation of what he called a "virtuous circle between the costs of living, wage expectations, productivity and cost competitiveness".
-

Where can I get RTÉ Aertel Digital?

RTÉ Aertel Digital is an enhanced digital version of the RTÉ Aertel teletext service. It functions in the same way as the analogue service, offering current news, sport and weather updates but is now more agile and easier to use.

RTÉ Aertel Digital is available on Saorview, the new free digital TV service in Ireland.
Press TEXT button on your remote to launch Aertel from RTÉ One, RTÉ Two, RTÉ News Now.