gov ie - Minister Donohoe announces members of the Commission on Taxation and Welfare gov.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gov.ie Daily Mail and Mail on Sunday newspapers.
The number of redundancies flagged to the Government is now four times higher than before the Covid-19 crisis began.
New figures show there were 970 potential redundancies notified to the Department of Enterprise, Trade and Employment last month.
This compared with 212 in February last year.
A total of 984 redundancies were notified in January, up from 233 in January last year.
In the first 10 days of this month, employers have notified the department of a further 268 possible redundancies.
“The number of redundancies is running at four to five times higher than this time in 2020, and this means that even though the Government is doing an enormous amount of work keeping people in jobs, it’s still a very, very tough environment for firms,” said Tom McDonnell, co-director at the Nevin Economic Research Institute.
BBC News
By John Campbell
Published
image copyrightReuters
A commission to examine the possibility of giving Stormont more taxation powers is to be led by the economist Paul Johnson.
Mr Johnson is the director of the Institute for Fiscal Studies (IFS), a high-profile think tank.
Finance Minister Conor Murphy expects it will take about nine months for the commission to complete its work.
He said its conclusions will be published before next year s Northern Ireland Assembly election.
Northern Ireland is the only one of the devolved regions not to have conducted a comprehensive taxation review of this sort. Important discussion
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