Economics

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Pax Silica

In December 2025, representatives of the United States, the United Kingdom, Japan, South Korea, Singapore, Australia and Israel signed the Pax Silica declaration, a strategic initiative to secure the global supply chains for advanced information and communication technologies and, in particular, artificial intelligence. Like other prongs of the wide US […]

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Industrial Committee View: Bond Market Sell Offs

Turmoil has characterised international bond markets across September. As a reminder, governments borrow money mainly by issuing bonds. Investors lend money to governments, receiving interest in return, with the original sum repaid later. Bonds are bought by typically large financial institutions: banks, pension funds, insurance companies and investment funds. They […]

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Do not ignore the root causes of the cost of living crisis!

The cost-of-living crisis has not disappeared and is set to get worse over the coming year. Prices are far above their 2021 level and the next pressure is likely to come again through essentials: energy, food, clothing, transport, heating and housing. These basics are already up multiples of wage increases […]

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The Anti-Migrant Argument: Deporting the Workers We Depend On

Across Ireland, north and south, immigration has become one of the defining political issues of recent years. From the racist violence witnessed in Belfast to protests outside accommodation centres and anti-immigration demonstrations across the country, a familiar political argument is repeatedly advanced. Migrants are blamed for housing shortages, overstretched public […]

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Government’s Summer Economic Statement

The Government’s Summer Economic Statement sets Budget parameters for 2027: an €8.5 billion package, involving €7 billion above the 2026 expenditure ceiling and €1.5 billion of tax measures. The €1.5bn announced for tax measures likely signals changes to income-tax bands, thereby preventing what is known as ‘fiscal drag’ – when […]

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Global Shifts, Local Struggles

As we move into the summer, developments demonstrate continuing instability and geopolitical reorganisation of global capitalism. Throughout May and June, inflation remained stubbornly above target. As the business press reports, capitalists are no longer assuming an automatic return to the ultra-low-inflation world that characterised the 2010s; access to cheap capital […]

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A Full-court Press of Political Lobbying by Business 

We are witnessing a full-court press of business lobbying against workers’ rights – specifically, for the focus of this article, but against so-called ‘gold-plated’ regulations more generally. Pay Transparency is meant to be legislated for and in place from June by the Government in Dublin. However, they have now said […]