Good news for homeowners in Ireland as AIB, EBS and Haven cut mortgage rates by up to 0.25% from 1 December 2014. The bank suggests that these changes could have an affect on around 145,000 mortgage account holders. In addition, new market leading fixed rates are set to be introduced from 4 December 2014. This could see a typical 5 year fixed rate mortgage fall from 5.2% to 3.9% from any of the above three lenders. If you are an AIB customer and want to find out more, please click here.
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Yet another increase in price for public transport as the National Transport Authority approve a rise in public transport fares of up to 28%. Bus Eireann, larnrod Eireann and the Luas plan to increase their monthly fares from this Saturday. Cash ticket rises will take place from 1 December and this will include all Dublin buses. The good news is, that Leap card users will see daily and weekly caps put in place until 2015 and may even see a reduction of around 4% on off peak fares. The chief exec of the National Transport Authority, Mr Gerry Murphy said that the fare increase are to ensure that the quality of service can be maintained. Why not give us your views on the price hikes? You can find more information on the Leap Card at www.leapcard.ie.
Groupon set to create up to 200 new jobs in Dublin. The e-commerce company is set to invest heavily in a new research and development center in the capital. The US multinational company started in 2009 and now operates in over 48 countries worldwide. Groupon offers discounted vouchers for use by the public at retailers across the country. The company plans to take on a further 100 highly skilled staff to bring it’s Irish base total to 200 employees. The project is well backed by the Department of Jobs, Enterprise and Innovation through IDA Ireland. You can find more information on the job opportunities at IDA Ireland. Let us know your thoughts on these new jobs and the Irish job market as a whole.
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Hauliers from across Ireland came together this morning in a protest against tax costs and formed a four hour road block at Dublin Port which caused major disruption throughout the city. The Irish Road Haulage Association is threatening that more strikes will be held unless the Government take immediate action. It costs a whopping €4,000 to tax a six-axle truck in Ireland compared to just £640 in the North. These excessive road tax levels simply aren’t feasible for our lorry drivers and the Minister of Transport Paschal Donohoe has promised to meet with lorry drivers and members of the IRHA in the coming weeks.
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Bad news if you own and drive a Lexus that was manufactured between 2006 and 2010 in Ireland as 514 cars in Ireland are set to be recalled for remedial work. The models affected will be the Lexus IS250, IS-F, GS 450 H and LS. This forms part of a 1.75 million vehicle recall worldwide by Japanese carmaker Toyota over concerns about faulty brake and fuel delivery issues. Earlier this year Toyota issued a recall of 6.4 million cars worldwide over problems with airbags and windscreen wipers. Consumer confidence in Toyota is at an all time low.
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