General Industry News
White Paper on the Irish Foodservice Market
A final reminder that next Thursday, 28th May from 2- 3PM we will present findings from a White Paper that we are currently compiling on the Irish Foodservice market. We will also be joined at our webinar by Lorraine Heskin, Founder & CEO of Gourmet Food Parlour, who will share her story as a foodservice operator that has had to transition in the face of Covid-19. This webinar is open to all and registration is available via our website here.
Ireland could run €30bn deficit this year, Donohoe tells Dáil
RTE – 20.05.2020
Minister for Finance Paschal Donohoe has said that there is a possibility that Ireland will run a deficit of €30 billion this year. "We expect public debt to increase significantly this year," the Minister said. Speaking in the Dáil, Paschal Donohoe said the deficit can be financed at low interest rates at the moment, but he said sentiment towards countries can change. Minister Donohoe also told the Dáil that around 1.25 million people are now in receipt of income support from the State due to Covid-19, which he said is unsustainable in the long term. Some €13 billion has been invested by the Government to support the economy, but he warned there will be constraints on this spending in the future.