Inside Business with Ciaran Hancock Inside Business with Ciaran Hancock

The Irish Fiscal Advisory Council’s latest report has reiterated their stance that government spending plans risk overheating an economy already at full capacity. Is their plea for caution correct given the corporation tax receipt bonanza that shows little sign of abating in the short-term?
Niall Conroy is chief economist with IFAC and he joined host Cliff Taylor on this episode of Inside Business to air the council’s concerns.
Plus, there is likely to be a rise in workplace audits after Revenue state commissioned freelance work will ‘generally’ indicate person should be treated as an employee. So, how do you know if you are a freelancer or a company employee? Irish Times journalist Laura Slattery and head of employment law at Addleshaw Goddard, Maura Connolly give some insight into Revenue’s guidance on the issue.#
Produced by John Casey with JJ Vernon on sound.

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According to Conor Pope, Irish holidaymakers have been playing a game of chicken with airlines in recent weeks and – for once – it seems that the holiday makers are winning.
 
With June on the horizon airlines have seats to sell with plenty of capacity at many accommodation options for the peak months.
Ryanair chief executive Michael O’Leary recently said air fares had not increased at the anticipated pace, with peak prices more likely to rise by “zero to 5 per cent” rather than the “5 to 10 per cent” the carrier had expected.
 
Conor joins Ciarán Hancock in studio to discuss that story, along with tips on how to get value when travelling abroad this summer.
 
Also on this week’s episode of Inside Business, Fiona Reddan of The Irish Times explains Revenue rules around parents giving gifts and payments to their children.
 
Can you pay for your son or daughter’s wedding? Can you gift them their honeymoon? What about buying an apartment for them to live in while they go to college?
 
Produced by John Casey with JJ Vernon on sound.

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Last weekend, Tony O’Reilly, one of Ireland’s leading businessmen, died at the age of 88 after a short illness. He had a hugely successful career both on the rugby pitch, as a star with Ireland and the Lions, and in the boardroom where he founded the Kerrygold butter brand, ran the Heinz food group in Pittsburgh for decades, and had a portfolio of personal interests ranging from Independent Newspapers to oil explorer Providence Resources.
He was also the co-founder of the Ireland Funds charity which has provided millions of euros in funding for projects on both sides of the border for the guts of 50 years.
His business career ultimately ended in failure after bankruptcy in 2015. So, how should we view his career, and ultimately, what will his legacy be?
To debate this, host Ciarán Hancock was joined by Irish Times columnist Fintan O’Toole and Rory Godson, the founder and managing director of communications advisory group Powerscourt - Rory wrote about Tony O’Reilly as a journalist and later worked for him as an advisor.
Produced by John Casey with JJ Vernon on sound.

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Some 18,000 housing commencements were recorded in April. It’s a huge number and well up on the normal run rate. What was behind that spike?
 
And do we have enough construction workers to build these homes and get to the magic 50,000 new homes a year target that we’re told we need to hit in order to meet demand?
 
On this week’s episode of Inside Business, host Ciarán Hancock is joined on the line by director general of the Construction Industry Federation Hubert Fitzpatrick to discuss these issues.
 
Also on the podcast, this week saw Intel’s huge manufacturing campus in Leixlip, Co Kildare make global headlines with reports of an €11 billion refinancing and the possibility of investment in a new plant there. Local TD James Lawless of Fianna Fail joined us in studio to go through the details.
 
Produced by John Casey with JJ Vernon on sound.

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This episode of the Inside Business podcast looks at Ireland's commercial and residential property markets.
In part one John McCartney, Director of Research at BNP Paribas Real Estate Ireland, discusses a significant surge in Dublin's office vacancies and the factors affecting office space demand, including the global economic downturn, a tech sector slowdown, and shifts in workspace needs post-COVID.
In part two economics columnist Cliff Taylor looks at Sinn Féin's criticism of first-time buyer support schemes and the State's spending on measures to help people find homes.
The episode also explores the potential for repurposing vacant office spaces into housing and the challenges associated with these conversions.

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This week we take a deep dive into the issues impacting tech giant Apple. In the year to date, the iPhone maker's share price has fallen by more than 8 per cent, and about €300 billion has been wiped off its market value. Apple has ceded to Microsoft its status as the most valuable US company.
This drop was spurred by declining sales in China, regulatory scrutiny of its app store, and mounting concerns that the company has lost its edge on innovation, especially in the field of AI. 
But is Apple's recent decline likely to continue in the longer term? Business Editor Ciaran Hancock gets a range of perspectives.
Guests: Geoff Blaber, CEO of CCS Insight, Denis Staunton, Irish Times China correspondent, Karlin Lillington, Irish Times technology columnist and Ciara O'Brien, Irish Times business and technology journalist.

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