Claim OwnershipInside Business with Ciaran Hancock
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A weekly look at business and economics from an Irish perspective hosted by Irish Times Business Editor Ciarán Hancock. Produced in association with EY.
Hosted on Acast. See acast.com/privacy for more information.
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This week on Inside Business host Ciarán Hancock is joined in studio by Gary McGann, a grandee of Irish business whose many roles included being chief executive of drinks group Gilbeys, Aer Lingus and packaging group Smurfit. Born and raised in Dublin, Gary actually began his career in the civil service, with the Comptroller & Auditor General. He studied at night to become an accountant and later moved into the private sector, rising up the ranks and moving around to eventually become CEO of Smurfit in 2002.He has also had a busy career as a non-executive director, including roles with Anglo Irish Bank at the time of its collapse, and with bakery goods group Arytza, at a challenging time for that business. We covered a lot of ground in this interview. You’ll hear Gary talk about his childhood, his time in school and a couple of false starts in university. We also take a deep dive into his business careers, the highs and the lows. And he gives Ciarán his perspective on the current state of the Irish economy, and what we could be doing better. Along with some tips for young business leaders starting out in their careers. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.
This week’s episode of Inside Business sees host Ciarán Hancock joined in studio by Niall Tallon, chief executive of Irish telecoms group Imagine. A minor in the Irish market, the company recently made a bold move offering cheap fibre broadband products along with a promise not to increase those prices for the next five years. This is designed to double its customer base by 2030 as part of a multi-million investment in growing the business. It’s a brave strategy given that Imagine has just 35,000 existing customers and big competitors such as Eir, Vodafone, Three and Virgin Media who control a large chunk of the market between them.Niall explains how the offer will work and the business case behind it, as well as discussing the company’s Armenian owners and how he came to run a telco with a chequered history that was originally founded by the late Irish entrepreneur Sean Bolger. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.
This week’s guest on Inside Business is Tom O’Brien, group chief executive of Nephin Energy. Nephin owns 43 per cent of the Corrib gas field off the west coast of Ireland and also has ambitious plans to develop a network of agri-based biomethane plants across the country. While gas is a polluting fuel it continues to be an important part of our energy mix. Tom joins host Ciarán Hancock in studio to talk about the chances of extending the lifetime of the Corrib field, why biomethane is a potential win-win for the country, the future of offshore wind as a natural resource for Ireland, and whether gas prices are likely to go up or down over the next couple of years. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.
There is research from Brussels think tank Transport & Environment suggesting that plug-in hybrids are just as polluting as petrol cars. Neil Briscoe is a motoring expert and writes extensively on this for The Irish Times. And given his knowledge of motoring and our transition to EVs, were the findings a surprise to him? In the second part of the podcast, host Ciarán Hancock speaks to Cliff Taylor of The Irish Times about an upgrade to Irish growth forecasts by stockbroker Goodbody and some research from Ibec on hybrid working, suggesting that employees are expected to attend the office on more days each week. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.
On this episode of Inside Business host Ciarán Hancock is joined in studio by Billy Hann, chief executive of Dublin Bus, the biggest public transport company in our capital city. He joined the State-owned operator almost three years ago after a long career with the Irish Aviation Authority and is charged with leading a company that now transports more than 160 million passengers a year. He has a busy agenda, with challenges including difficulties in the recruitment of drivers and mechanics, traffic congestion, the switch to a fleet of EVs, and countering anti-social behaviour. Billy also discusses how Dublin Bus was currently performing and whether the busy Christmas period was a positive or negative for the company. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.
Ciarán Hancock is joined by guests to pore over the main elements of Budget 2026. The €9.4 billion package includes a minimum wage increase of 65c to €14.15c per hour, a €10 across-the-board increase to core weekly welfare payments, but no once-offs like double child benefit payments and electricity credits. On the panel:Cliff Taylor, Managing Editor, The Irish TimesFrank O’Neill, Tax Partner, EY IrelandSean Collender, President of the Restaurants Association of IrelandEllen Coyne, Political Correspondent, The Irish Times Produced by John Casey. Hosted on Acast. See acast.com/privacy for more information.
Ireland’s national soccer team will slide down the international rankings unless significant investment is made in the League of Ireland’s academy system, according to the league’s director Mark Scanlon.He has submitted a proposal to the Department of Finance ahead of Tuesday’s budget requesting €4m annually, rising to €8m after two years to be spread across Ireland’s 26 soccer academies.Mr Scanlon said the system in Ireland remains heavily reliant on volunteers, stunting the sport’s growth despite years of strong audiences and revenues.His plan includes three new full-time roles directing academy soccer across Ireland.On today’s podcast Ciarán Hancock is joined by Mr Scanlon and Irish Times Soccer Correspondent Gavin Cummiskey.Produced by Declan Conlon and Andrew McNair, with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.
The Pittsburgh Steelers will play the Minnesota Vikings at Croke Park this weekend in the first regular-season NFL game to take place on Irish shores.Dublin is now part of a growing roster of cities outside the United States hosting lucrative NFL games. Irishman Paul Holland has worked in the sports marketing industry for many years and has charted the financial rise of the NFL and how it dwarfs other sports. He joined host Ciarán Hancock in studio to discuss the financial impact of this game coming to Dublin. Plus, last week Donald Trump surprised us all by slapping a $100,000 fee on a key foreign worker visa used by Big Tech companies in Silicon Valley. Colin Gleeson covered the story and joined Ciarán in studio to discuss its implications for Big Tech firms and for Irish workers based in Silicon Valley. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.
First up on the Inside Business podcast this week, the rift between the board of the DAA, the State-owned operator of Dublin and Cork airports, and its CEO Kenny Jacobs. The Irish Times reported yesterday that a deal has been agreed between the two sides that will see Jacobs leave his role early with a €1m exit package. Joe Brennan and Martin Wall of The Irish Times have been covering the story and joined host Ciarán Hancock in studio to discuss the background to the rift. Also on the podcast, Conor Pope, Irish Times Consumer Affairs Correspondent, discusses new research from the Competition and Consumer Protection Commission, which shows that one in four Irish adults have no financial arrangements in place for their retirement. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.
With the budget just under a month away, what will ministers Paschal Donohoe and Jack Chambers deliver on October 7th?The one-off cost-of-living measures of recent budgets may be discontinued, but what will be in their place to help families feeling the pinch? Will there be tax cuts? And what can renters and those looking to buy a home expect?Cliff Taylor of The Irish Times joined host Ciarán Hancock in studio to discuss.Plus, the three main Irish banks this week launched Zippay, an instant payments feature that they hope will launch next year. But will it be enough to win the battle with Revolut for Irish people’s digital wallets, especially as Revolut already has 3m Irish customers.Irish digital banking expert and CEO at InclusionFS, Brian Carroll, has helped to launch neobanks in a number of countries and he joined Ciarán on the line to discuss the timing of the launch and whether the Irish banks can beat Revolut at their own game.Produced by John Casey with JJ Vernon. Hosted on Acast. See acast.com/privacy for more information.
First up on Inside Business this week is the plight of independent Irish breweries, who, like so many now, are finding the cost of doing business to be far too high.This is despite an explosion in the popularity of craft beers here in the last decade. What costs are forcing some operators out of business? How are they coping with competition from far larger, commercial breweries? And will these increasing costs be passed onto consumers?To get into all this, host Cliff Taylor was joined by Irish Times Business Reporter Hugh Dooley and founder and chief executive of the Carlow Brewing Company, Seamus O’Hara.Plus, it’s a deal decades in the making and would seem to make sense in the context of the aggressive tariffs imposed on the EU and Latin American countries by Donald Trump. And the expectation is that the EU Commission will try to ratify the Mercosur trade deal despite push back from several EU countries, not least Ireland. But why is the trade deal so divisive and what impact could it have here if it goes ahead? Irish Times acting Europe Correspondent Jack Power joined Cliff on the line from Brussels.Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.
The predictably slow delivery of infrastructure here has a raft of negative consequences, not least how it undermines our competitiveness in a very challenging global environment.So why are vital projects so slow to get over the line? How does Government prioritise one project over another? And what can be done to streamline the planning process?To get into the causes and some potential solutions to these issues, host Cliff Taylor was joined by chair of the National Competitiveness and Productivity Council Frances Ruane.And from air fryers and skiing gear in the middle isle, to expanding into manufacturing and shipping, Lidl, part of the Schwarz Group, has evolved hugely from its early days of obsessive penny-pinching efficiency and prices written in pencil.In part two of this week’s Inside Business, Irish Times Berlin Correspondent Derek Scally joined Cliff on the line to discuss how this evolution and success has been achieved, and the influence of, among other things, Irish consumer habits.Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.
The Economist magazine recently published its annual country rich list. Ireland was nowhere to be found on the list in spite of the fact that we are constantly being told that Ireland is one of the world’s richest countries. Host Ciarán Hancock is joined in studio by Cliff Taylor of The Irish Times to talk about how rich we all are, or not as the case may be, and the measures that ruled Ireland out of consideration. Also on Inside Business this week, Conor Pope of The Irish Times discusses the companies that consumers complain about the most to the Competition and Consumer Protection Commission. Who are they? What are the most common complaints? And how much out of pocket are consumers as a result of their bad experiences? Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.
This week Inside Business is looking at tourism. Data from the Central Statistics Office earlier this year suggested that the number of visitors to the country had fallen off a cliff. Not so said the industry, while acknowledging that the market was a bit soft compared with the past two years of trading.Joining host Ciarán Hancock in studio to discuss this is Paul Gallagher, chief executive of the Irish Hotels Federation and Sean O’Driscoll, chief executive of iNua hotels, one of the biggest hospitality groups in the country.They tease out the issue of the 9% Vat rate, with some strong criticisms of the Department of Finance from Sean. They also talk about the slow death of food and beverage in the country, the Dublin airport passenger cap, AI’s increasing use in the business and hotel prices around the Oasis concerts. Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.
We start this week’s episode of Inside Business with a look at how influencers have been reminded recently by Revenue of their obligations to pay tax on their earnings. Siobhan Maguire is a contributor to The Irish Times and wrote an excellent piece this week on this hot topic. She joins host Ciarán Hancock on the line to go through the many ways influencers expose themselves to tax liability as outlined in a new guide issued by Revenue. Is there such thing as a free dinner for influencers and what part does non-monetary compensation play?Also on this episode, Ciarán speaks to young Dublin entrepreneur Luke Joyce about setting up Ireland’s first online subscription window cleaning service. Luke grew up on a farm in Saggart, Co Dublin, did entrepreneurship at Maynooth University and then set up Thecleaningcompany.ie. The company has gone from strength to strength since it was established in 2019 with projected turnover of €2.5m for this year.His success cleaning windows recently spurred him into launching new businesses painting houses and doing general maintenance work.Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.
This week host Ciarán Hancock is joined in studio by economist and Irish Times contributor John FitzGerald. He gives his reaction to the EU-US trade deal that will see a 15% tariff rate on European imports going into the US, a deal that he feels the EU had agreed to with ‘two hands tied behind its back’ on account of its continued reliance on the US when it comes to the war in Ukraine.Also, ahead of Budget 2026 John outlines the need for the Government to stop pumping money into a booming economy and focus on making space for much-needed infrastructure. He feels we are inflating the economy when we should be cutting expenditure or raising taxes, neither of which would be politically popular.Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.
This week the Government outlined spending of €200 billion on a National Development Plan stretching over the next decade. In parallel it also set out its stall for this year’s budget, signalling a spending and tax package of €9.5 billion. Joining host Ciarán Hancock in studio to dissect these spending plans and tax cuts against a backdrop of a potential trade war between the US and the EU were Ellen Coyne, political correspondent of The Irish Times, Ferga Kane, EY Ireland’s strategy and transactions team lead, and Cliff Taylor of The Irish Times. They tease out the headline numbers in the National Development Plan, the areas being targeted over the next five years, and the likely impact on future foreign investment.Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.
Economist and writer David McWilliams was scathing about the level of dereliction in Dublin city in a recent article in the Irish Times. He suggested tax breaks and other measures to breathe new life back into the capital and to get more people living in the city centre. He joined host Ciarán Hancock to discuss his ideas and how we can learn from the mistakes of the not-too-distant past.Plus, it’s been another busy week on the tariff front with US President Donald Trump sending a letter to the EU threatening higher taxes on European imports into America. Cliff Taylor of the Irish Times has been covering this story and he joined Ciarán to talk through the contents of the letter, potential consequences for Ireland and whether this is yet another ploy by Donald Trump in this drawn-out negotiation with the EU.Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.
This week we’re looking at the Juggle that women with young children have to make in Ireland to find a work-life balance.It’s an age-old problem in Ireland with no solution yet in sight. Margaret Ward writes about Work issues each week for the Irish Times as well as running her own consultancy business Clear Eye and she’s written a series of articles on the Juggle in recent weeks.Aideen Finnegan is an audio producer with The Irish Times and the host of the Better with Money podcast. She has two young children, and you’ll hear her tell host Ciarán Hancock about the daily grind she and her husband face to get their kids to creche and school while also commuting to work to earn a living.Both of them offer their clear views on what Government and employers need to do to help young mothers balance their responsibilities at home and in the workplace.Also in this episode of Inside Business, Donald Trump recently got his Big Beautiful Act through Congress, which allows for major cuts in taxation while boosting spending in key areas to support his policies. It will also involve cuts in Medicaid and other assistance offered to the most vulnerable in the US.Keith Duggan joins host Ciarán Hancock on the line from Washington to discuss this and the latest developments in Trump’s tariff threats.Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.
This week we are looking at the phenomenon of the D4 farmer. Not some wealthy entrepreneur herding cattle in Ballsbridge but wealthy individuals buying up farmland around the country as a wheeze to reduce the inheritance tax bills for their children.How does the tax break work? What impact will it have on land prices? And is anything being done to change it?Fiona Reddan of the Irish Times wrote a brilliant article on this last week and she joins host Ciarán Hancock in studio, along with Marty Murphy, who is head of tax at IFAC Ireland, one of the country’s biggest accounting firms with a large number of farmers on its books.Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.
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It seems unfair that the majority of people and small to medium businesses have less money and profits. Is the Balance off where the government who has record breaking returns should do something to move some of the money back to these people/businesses. 23% Vat is so high for many businesses whose profits average 10%- this doesn’t seem fair. Small cafes etc are paying more to the government than themselves! Lowering VAT would lower prices and increase profits.
Anybody that bought an electric car from VW , Tesla last year or this year has pretty much lost their equity. Brands that are lowering prices and offering low interest are destroying the trade in value of these cars. Even in pcp the final value is usually 30% so you are not protected. Used 2 year old VW id3 an are now reduced 50-60% and it should be much less. Many car garages don’t even want EVs now. Many new EV drivers will get a big shock when they go to trade in their car.