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Wednesday, 19th October 2016

Michael Garland,

bizBoost Chair,

Waterford Business Group

Band!

As I have said and written about, on too many occasions to mention, this City has a smorgasbord of latent talent that just needs the right mechanisms to be showcased. We really do have leaders in so many fields. But,

unfortunately the flip side to this is that we don’t in truth actually seem to be able shout from the rafters, to tell the outer reaches of our region that this is the case.

I have been attending the Massed Bands Concert now for a numbers of years and this year my Mother, Pam, and her partner, Ally, made their way from Scotland, by land and sea, to stay in Dunmore East for the last three weeks. This trip coincided with the Massed Bands Concert and naturally I wished to bring them along to hear some of the

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Wednesday, 19th October 2016

The Barony of Gaultier Historical Society is delighted to announce its October Lecture which is titled “John Hearne Waterford forgotten architect of the 1937 Constitution”.

The lecture will be given by the well-known

historian, Eugene Broderick.

The venue for the lecture is The Three Sisters Inn, Dunmore East Wednesday 19 October, with a start time of 8.00pm. Admission is €5 and all are welcome.

John Hearne’s father Alderman Richard Hearne was born in Drumrusk, Gaultier.

On 29 December 1937 the new Irish Constitution came into operation. On that day Eamon de Valera presented a copy to Waterford born John J. Hearne (1893-1969), the legal adviser in the Department of Foreign Affairs, on which he wrote: 'To Mr John Hearne, architect in chief and draftsman of this Constitution, as a souvenir of his work and in testimony of the fundamental part he took in framing this

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Wednesday, 19th October 2016

Commenting on the tax changes in the Budget, Ronan McGivern, Tax Partner, Russell Brennan Keane said that "the two key factors shaping this Budget are the domestic housing crisis and the external risks to Ireland’s economy, and in particular the risks associated with Brexit. In this regard the measures introduced for first time buyers may not be enough to stimulate supply.

In relation to protecting against future economic risks the Minister has focused on putting in place “shock absorbers” to assist in eliminating such shocks with the intention of ending the “boom and bust cycles” that we have seen in the past.

Overall according to Mr. McGivern, "This budget is quite unique given the number of parties “fingerprints” on it. The Minister in the first Budget of this Government has delivered a careful budget that is focused on prioritising the repair of

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Wednesday, 19th October 2016

John Smiles

Qualified Financial Advisor

Who will win in the

‘Marmite’ wars?

Since the Brexit referendum on 23rd June Sterling has been under pressure, falling from 76p against the euro to 90p now. Last week, one of the world’s biggest multinationals, Unilever, sought to push through a price increase of 10% on its products such as Marmite, Hellmann’s Mayonnaise and Ben & Jerry’s ice-cream. A spat developed between Unilever and Tesco, the biggest UK retailer who refused to accept the proposed price hike and pulled those items from its online store.

Unilever clearly feels it can push through the price increases it is demanding, due to the power of its brands such as Hellmann’s, Magnum, Dove, Knorr and Lipton’s. Tesco clearly feels it cannot push through the price increases because the supermarket is locked in a brutal battle for market share. The problem seems to

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Wednesday, 19th October 2016

Well known premises at 29 Parnell St, Waterford which formerly

operated as Bank of Ireland has been sold by joint agents Sherry FitzGerald John Rohan and Savills.

Selling agent John Rohan commented "This property presented a superb option to a purchaser on numerous levels and offers quality modern accommodation in a fantastic location. The inclusion of numerous parking spaces was an added bonus. Given the positive turnaround in the commercial property market, it was no surprise we experienced such interest in this property and not just from the local market. "

Strategically located on Parnell St adjacent the junction to Manor St and John St, the property accommodates approximately 500 sq m over two floors.

John Rohan concluded "This sale is a good result for Waterford and provides a strong sign of confidence in the city."

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Wednesday, 19th October 2016

Focus Ireland welcomes budget positive measures but warns “more immediate action vital to halt constant rise in the number of families becoming homeless”

Focus Ireland said last week’s Budget has some very

positive measures that will help deliver the Government’s Housing and Homelessness plan but the charity warned that more immediate action is vital to halt the constant rise in the number of families becoming homeless

The charity said that the commitment of €1.2 billion to allow for the implementation of the housing action plan is positive and “will help to put some flesh on the bones” of the Rebuilding Ireland plan and enable the delivery of housing in the coming years.

Focus Ireland Director of Advocacy Mike Allen said: “The Budget puts some welcome substance behind the long term strategy of Rebuilding Ireland but the measures to tackle the immediate crisis are far

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Wednesday, 12th October 2016

Michael Garland, bizBoost Chair,

Waterford Business Group

“You can have any colour as long as it’s orange!”

On Sunday 9th October over 2,000 participants completed the Solas Cancer Support Centre South East Run and Walk for Life. This event is one of the biggest participant events in the South East region and is now one of those annual events, that many a runner and walker make a priority, to train for, and to take part in.

The 2016 event started on the beautiful quays of Ireland’s Oldest City, against the backdrop of the mighty River Suir and the Thomas Francis Meagher Bridge. This rises majestically, over 100 metres, as a modern symbol of Waterford in the 21st Century. This mix of young and old was replicated in orange on Sunday. With hundreds of mums, dads, grannies, grandpas, husbands, wives, brothers, sisters, friends and even

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Wednesday, 12th October 2016

John Smiles

Qualified Financial Advisor

Is long term care affordable?

Rising life expectancy over the last 50 years means that today’s 65 year olds can look forward to at least another 20 years of life. However, living longer raises the problem of years of infirmity requiring intensive and expensive care. Who should pay for that care has become increasingly important for individuals, government and society?

Currently, long-term care in Ireland is financed principally from general taxation and private out-of-pocket expenditure. The public health system provides both residential and community services, but current funding arrangements favour residential care.

A subvention is available for care in a private nursing home if the recipient satisfies dependency criteria and a means-test. The level of subvention currently payable is generally insufficient to bridge the gap between income and the cost of care.

An insurance policy to provide long term care was

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Wednesday, 12th October 2016

Focus Ireland calls for govermentt action to protect Irish homes as banks gear up to sell millions of property to vulture funds Charity set to deliver a petition signed by over 10,000 people to Govt Calling For Action on Vulture Funds

Focus Ireland warned today that thousands more Irish homes are at risk as banks are set to sell many millions of Euros-worth of property to international vulture funds. The charity stressed that the Government steps so far to restrict vulture funds don’t go far enough and much stronger measures are essential to avoid a flood of evictions coming down the tracks.

Central Bank figures show that 47,000 Irish homes are currently owned by vulture funds. Meanwhile, Ulster Bank is reported to be offloading €875 million of distressed buy-to-let and home mortgages as AIB is said to be gearing up to sell

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Wednesday, 12th October 2016

The Insolvency Service of Ireland (ISI) has welcomed ‘Abhaile’ – the new Mortgage Arrears Resolution Service which was officially launched by the Tánaiste and the Minister for Social Protection recently.

The purpose of the Service is to help people in serious arrears to find the best available solutions, with the help of professionals who have expert knowledge of mortgages, insolvency, bankruptcy and/or repossession. The priority will be to find a sustainable solution that keeps a person in their home, where possible.

As part of the Service, borrowers can avail of a free consultation with a Personal Insolvency Practitioner, the professional debt advisors regulated by the ISI, to identify the best solution for their particular circumstances.

The ISI has launched a new phase of its ‘Back on Track’ information campaign with components across TV, radio and outdoor throughout the month of October. The campaign

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Letters to the Editor

  • OUR VIEW

    Waterford Institute of TechnologyWaterford Institute of Technology is once again making national headlines for all the wrong reasons. At the recent Public Accounts Committee meeting representatives of WIT were questioned and in turn left more questionsunanswered. The Chairman of the P.A.C. Sean Fleming, T.D.,Fianna Fail, called the failure to have up to date accounts for W.I.T. as “disgraceful”.Faced with a deficit of €15m. the financial problems facing the Institute are very …

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