The last of the so called “austerity budgets” is due in October – and it looks like another €2 billion of savings will have to be made. This will mean increases in taxation and more cuts to public spending. This all comes after the Property Tax , Water Charges , USC and cuts to welfare […]
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IMF
More on the Low Price paid by Centrica for Bord Gais Energy
We wrote about the great bargain that Centrica got when they agreed to pay just €150 million for the retail arm of Bord Gais Energy along with a brand new efficient gas powered electricity generator. See our article from last week here. Bord Gais Bargain for Centrica It finally looks like it might be investigated […]
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Bord Gais Energy Sale – Was it a Bargain for Centrica ?
As part of the disposal of state assets to try and pay off Ireland’s bank bailout debts – the sale of Bord Gais Energy has been agreed this week. The headlines say that Bord Gais Energy (BGE) is to be sold for €1.1 Billion to a consortium made up of UK company Centrica and 2 […]
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Budget 2014 – €3.1 Billion of Cuts and Taxes
The Budget for 2014 is due to be announced on October 15th 2013 – and it is expected to reveal adjustments totalling €3.1 billion . The busget adjustmenst are expected to be made up of spending cuts of €2 billion and tax increases of €1.1 billion. This is following on from the “adjustments” of […]
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Sale of Bord Gais Energy
Part of the recovery plan for Ireland – agreed with the IMF and ECB – is the sale of assets to raise capital. One of the major sell offs which will directly affect many Irish consumers is the sale of Bord Gais Energy – the retail arm of Bord Gais which is being sold off […]
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