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Wednesday 6 December 2023 Dublin: 8°C


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Consumers still 'afraid to spend' in climate of uncertainty
The Irish Small and Medium Enterprise Association have hit out at a number of government policies impeding customer spending.
There are green shoots in SME employment, but recovery is 'far from guaranteed'
ISME said that its members are feeling more positive on the jobs front, but said the Government must stay the course on austerity.
Small business satisfaction with Government on the slide
The economy may be on the way back, but small businesses are still hurting according to ISME.
Almost 3,000 extra young people were signing on last month
Overall, the number of people on the Live Register decreased by 4,400 in June.
Government 'charade' in ISME crosshairs over late payments
The waiting period for payment climbed again in the last three months, with big business abuses and government indifference blamed.
Retailers struggle with costs despite 6.2% sales bump this year
Despite a fourth straight quarter of growth, ISME warned that shop-owners are still under pressure
'Now is not the time for wage rises' - ISME
The small business trade body said that an increase in wages could force many businesses under.
SME groups welcome EU report but warn they are still in 'survival mode'
The EU Commission report found that lending to SMEs still remains weak.
The funding 'hunger march': over half of companies refused bank credit
Banks are ‘sugar-coating’ the acceptance figures, while the Government watches on, ISME said.
Rates freeze would see 'return to bustling main streets'
Call on newly-elected councillors to drive recovery in “busy main streets”.
The government has launched a new €500m bank for SMEs. But what does it mean?
SMEs have been crying out for a new source of finance – and here’s what the Government have come up with.
"They've replaced the tellers with plants" - are banks interested in lending to small business?
Domestic banks are failing to support a vital segment of the economy, lobby groups have said.
Noonan should know better than to listen to banks - ISME
ISME chief’s comments come after the Minister said SME debt is far down his list.
Why isn't this government support for SMEs working?
Microfinance Ireland has approved just €3 million from a €90 million lending budget.
Restrictive, badly marketed and poorly explained: Government finance scheme for SMEs is not working
The EIIS programme is poorly explained and flawed, trade bodies say.
Some businesses aren't feeling a strong recovery according to this survey
The manufacturing sector is proving to be a “cause of concern”.
Self-employed treated like "second-class citizens" in social welfare system - ISME
ISME is calling for self-employed person to have the option of paying a higher rate of PRSI in order to entitled them to the same social welfare payments as their PAYE counterparts.
German bank's low interest loans set to benefit Irish SMEs
German bank KfW will be giving out loans at interest rates lower than SMEs can currently access with Irish banks.
ISME: Delays in bank lending decisions a 'cynical smokescreen'
Latest figures show a 57 per cent refusal rate by banks to small- and medium-sized firms.
ISME: Plans to increase PRSI for self employed "utter madness"
The proposed rise in Pay Related Social Insurance is being considered by Minister Joan Burton.
Banks loaned just €3m to scientific research SMEs since 2010
The SME sectors that fared the best as regards loans over the last three years were agriculture and property investment and development.
Big businesses are 'the main culprits' in late payments
ISME praised the adoption of a voluntary code on prompt payments by SMEs – but says big business must be forced to agree to the code in order to improve the cash-flow of smaller operations.
Nearly one in eight commercial properties in Ireland is unoccupied
Limerick City has the country’s highest rate of vacant commercial units at 17.2 per cent.
Loan refusals for businesses at the lowest in four years
The ISME survey found that delays in decision making by banks has improved with the average wait down to four weeks from the five.
ISME propose tax and social welfare amnesty for black market operators
The Irish Small Firm and Medium Enterprises Association believes that the temporary amnesty would help individuals to legitimise their “hidden economy” tax/earnings status.
Survey: Small businesses waiting around 67 days to be paid
The figure is slightly better than it was a few months ago – but one third of businesses are still waiting more than three months to be paid.
Retailers warned as €155,000 stolen every hour
ISME has said that shoplifting costs businesses a total of €44 million over the Christmas period.
SMEs remain broadly dissatisfied with Government performance - survey
The latest ISME survey of its members shows a slight improvement in satisfaction, but still wide antipathy.
What should the government do about sick pay? Here's three suggestions
The government has made it clear that it isn’t happy to keep footing the bill for employee sick pay – so we’ve asked Sinn Féin, TASC and IBEC what they think should be done about it.
Sharp rise in numbers taking part in back-to-work schemes
More than 57,000 people are now taking part in the various schemes for long-term unemployed.
Retail sales figures continue to improve in August
Preliminary figures from the CSO show that both the volume and value of retail sales increased last month.
Banking Federation rejects report on lending to small businesses
IBF chief executive Pat Farrell says he had not seen the report but rejected the findings which are reported this morning.
Booming black economy killing small business
Dramatic increase in black economy is costing the State €5 billion, says the Irish Small & Medium Enterprises Association.
Consumer confidence up in June
However consumers unlikely to step up their spending, as just 12 per cent believe their financial situation will improve in the coming year.
Central Bank 'pressing Ulster Bank to resolve situation'
The Central Bank has said it is pressing the bank to ensure that customers are treated fairly as it tries to resolve the current situation.
Ulster Bank should waive fees, says ISME
One customer tells that he has seen his bank balance today for the first time in a week.
Over half of loan applications refused by bailed-out banks, says ISME
The quarterly bank survey has prompted an angry response from the SME sector.
Government criticised as employment at lowest level in nine years
Figures from the CSO’s Quarterly National Household Survey put unemployment at its highest level since the financial crisis.
ISME: Hot weather 'doesn't lead to rise in sick leave'
However, its chief executive said employers are concerned about another summer event – Euro 2012.