David McCarthy discusses the pricing war over Car Insurance, the ESRI predicts strong job growth next year and an increase of 2.6% in the economy and how Investors are now taking more risk due to falling interest rates.
Issue: Savers hit hard with increase in Deposit Tax.
Comment: Savers have been hit hard again with an increase in DIRT Tax from 33% to 41% in the recent budget. We have produced an information leaflet for readers of this blog, which outlines our Read more..
SAVERS HIT BY FALLING RATES AND INCREASED TAXATION
There is no doubt that these are tough times for people who hold monies on Deposit. In addition, the outlook for rates over the next number of years continues to remain bleak.
There are two developments which have combined to create this negative outlook namely:- Read more..
David discusses Wednesday’s Budget and how savers are hit hard with the increase in DIRT Tax. He also discusses the new rules for Direct Debits.
David McCarthy discusses Deposits Rates falling further, changing old money in the Central Bank, alternatives for investing money and the major increase in stockmarket values throughout the year.