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Saturday 31 October 2020
Paschal Donohoe says Ireland’s connectivity is just as important as the price though.
However, customers will still deal with either Irish Water or Gas Networks Ireland.
Arthur Hall said that the government had accepted a deal below what the company is worth.
The Tánaiste gleefully engaged in one of the government’s favourite pasttimes at Leaders’ Questions this morning: Having a go at Fianna Fáil.
The Government is hoping to bring in around €1 billion from the sale of the company.
The move would add almost nine euro per month to the average household winter gas bill.
It’s expected around a billion euro will be raised by the sale, with around half of the funds raised going to pay down bailout debt.
Minister of State Brian Hayes hopes to have details on every building, every piece of land and every table and chair owned by the State to be online by the beginning of next year.
Public Expenditure and Reform Minister Brendan Howlin told an Oireachtas committee that “optimal conditions do not exist” for disposing of the government’s 25 per cent stake.
The planned sale of Coillte harvesting rights has been called off, with the agency now set to merge with Bord na Mona.
Here are the things we learned, loved and shared today.
The energy arm of Bord Gáis Éireann is one of a number of State-run companies the government intends to sell-off in the coming year.
Deposits in Cypriot banks will be hit with a one-off levy of 6.75 per cent with those with over €100,000 in banks hit with a 9.9 per cent levy under the €10 billion bailout proposal.
The Irish Timber Council, representing the country’s sawmills, says that the entire industry is at risk from the proposed sell-off of harvesting rights on Coillte forests.
The government is keen to use all of the money from the sale of State assets in “one shape or another” to fund job creation initiatives but the Troika appears more focussed on reducing the debt.
A major programme of motorway upgrades, as well as spending in justice, health and education, will begin next year.
Schools, healthcare and roads are also likely to benefit from measures being announced by the government later today.
The Public Expenditure and Reform Minister said that negotiations with the Troika had yielded such an agreement with the other half of the money being leveraged for further stimulus measures.
Good morning! Here’s nine things you should know before 9am on the first day of summer.
The public expenditure minister says Irish Water will not form part of the Bord Gais sell-off – but the opposition aren’t convinced.
The Association of Plumbing and Heating Contractors says it has 350 firms which could be used to install meters quickly.
TheJournal.ie’s Q&A on one of the most controversial issues of the day…
Gardaí deployed pepper spray on protesters gathered outside the conference, and a cameraman was reportedly injured.
The airline has reported increased traffic on both long and short-haul flights.
The IMF signs off on the fifth review of its bailout, and is releasing €3.2 billion to Ireland – bringing its total IMF debt to €16bn.
In its weekly credit outlook, Moody’s welcomes the plans to sell state assets – but that our position remains “challenging”.
“Autism is a theory. It is not a fact”
Debts, draw-downs, state assets and lunar rock – all of that, and more, in your weekly numerical wrap-up.
Micheál Martin says Labour ministers are “covering their tracks” by claiming Fianna Fáil agreed to the sale of state assets.
Your nightly news round-up of the day’s biggest stories…
5 minutes, 5 stories, 5 o’clock…
Sinn Féin and Fianna Fáil have both criticised the government’s announcement on the sale of State assets today.
Taoiseach Enda Kenny tells the Dáil that “commencement and realisation” of selling state assets may begin in 2013.
The government is considering selling parts of Coillte and Aer Lingus when conditions improve – and has insisted that there will not be a fire sale.
The bailout deal requires Ireland to sell off some State assets – and the full list will be announced by Brendan Howlin later this morning.
Fianna Fáil’s finance spokesman takes issue with Pat Rabbitte’s claims that the sale of state assets was demanded by FF.
The latest memorandum of understanding between Ireland and the Troika also states for the first time that money raised from the sale of State assets can be used for reinvestment in the economy.
He is joined by former Bord Gais CEO Gerry Walsh and aviation executive John Lynch.
Unions say staff at the semi-State body are due a 3.5 per cent pay increase, but the company has said this would cost jobs.
In tonight’s Fix: State assets, assassinations, apologies, and a glamour model turns to economics…
WELL, IT’S HALLOWEEN, the spookiest day of the year.
Among many traditions for Oíche Shamhna is the barmbrack.
There was a bit of chatter on social media yesterday about how the loaves should be cut after a woman posted a photo of a “crime scene” in which her husband had cut the barmbrack into triangular slices, as you would with a birthday cake.
So, today we want to know… What’s the correct way to slice a barmbrack?
Poll Results:
Share your story: voices@thejournal.ie
Tracy Ward explains how burnout affects us – and what to do if we’re feeling it.
Windy; rain and drizzle this morning
Max: 12 °C
Min: 8 °C
Very windy; cloudy with a little rain
Max: 12 °C
Min: 8 °C
Rather cloudy, a little rain; windy
Max: 11 °C
Min: 5 °C
