Public policy centre

Welcome to Chartered Accountants Ireland’s public policy centre.

We use our research to inform the public policy debate both nationally and internationally.

In this week’s bulletin, read about the EU’s forecast for Ireland in its recently published forecast, and the IMF’s report on stalling European economic growth.     “Solid growth subject to substantial uncertainty”, says EU’s economic forecast for Ireland The European Commission’s recently published “Autumn 2019 Economic Forecast” has predicted an increase in Ireland's growth forecast for this year but warns that uncertainty over Brexit and corporate tax revenue might have an impact on it. The report states that GDP growth is set to moderate amid a weakening external environment, while underlying economic activity is expected to remain strong, driven by household consumption and investment in construction. The GDP in Ireland grew by 6.6 per cent year-on-year in the first half of 2019, well above the euro area average, and is expected to moderate down to 3.2 per cent in 2021.     IMF reports slowdown of European economy growth In its latest Regional Economic Outlook: Europe report, the IMF suggests that economic activity in Europe has slowed on the back of weakness in trade and manufacturing. While Europe’s growth is projected to decline in 2019, a modest recovery is forecasted for 2020, as global trade recovers and some economies recuperate from past stresses. They have also predicted that high uncertainty and a no-deal Brexit risk could have a sizeable negative impact on the economies in Europe. Other risks stem from emerging financial vulnerabilities, and geopolitics.     Read all our updates in our Public Policy web centre.    

Nov 11, 2019

  In this week’s bulletin, read about the EU’s forecast for Ireland in its recently published forecast, and the IMF’s report on stalling European economic growth. “Solid growth subject to substantial uncertainty”, says EU’s economic forecast for Ireland The European Commission’s recently published “Autumn 2019 Economic Forecast” has predicted an increase in Ireland's growth forecast for this year but warns that uncertainty over Brexit and corporate tax revenue might have an impact on it. The report states that GDP growth is set to moderate amid a weakening external environment, while underlying economic activity is expected to remain strong, driven by household consumption and investment in construction. The GDP in Ireland grew by 6.6 per cent year-on-year in the first half of 2019, well above the euro area average, and is expected to moderate down to 3.2 per cent in 2021.   IMF reports slowdown of European economy growth In its latest Regional Economic Outlook: Europe report, the IMF suggests that economic activity in Europe has slowed on the back of weakness in trade and manufacturing. While Europe’s growth is projected to decline in 2019, a modest recovery is forecasted for 2020, as global trade recovers and some economies recuperate from past stresses. They have also predicted that high uncertainty and a no-deal Brexit risk could have a sizeable negative impact on the economies in Europe. Other risks stem from emerging financial vulnerabilities, and geopolitics.    Read all our updates in our Public Policy web centre.    

Nov 07, 2019

  In this week’s bulletin, read about the Irish Government’s latest announcements in the areas of pension auto-enrolment, and SME and entrepreneurship policy. Government announces plans to auto-enrol private workers in pension scheme The Department of Employment Affairs and Social Protection has recently announced key elements of a new system of pension auto-enrolment, set to be implemented on a phased basis from 2022. Under the new system, Workers aged between 23 and 60 earning more than €20,000 a year, will be automatically enrolled in a pension scheme, if not already in one with their workplace. Contributions will start from 1.5 per cent of salary, rising to 6 per cent of salary in their tenth year of employment, giving workers more time to accommodate the increase. There will be opportunities to opt-out and take breaks from contributions, with contributions in the first six months being mandatory. Employers will be required to match contributions, with the Government’s contributions yet to be announced. Key elements of the new system are in line with the Institute’s November 2018 response to the Strawman Public Consultation on the process for an automatic enrolment retirement savings system for Ireland; mainly that automatic enrolment should supplement the state pension, and also complement the existing supplementary pension system. A further consultation process will take place following the finalisation of the remaining elements of the design.   OECD review on Irish SME and Entrepreneurship Policy published Under the Future Jobs initiative, the Irish Government has published a review undertaken by the OECD on SME and Entrepreneurship Policy in Ireland. A roadmap has also been published which sets out priority areas for implementation.The OECD’s analysis will form the basis for a new Government strategy on SMEs and Entrepreneurship, which will be published by the end of the year following further consultation. Some of the main OECD recommendations cover areas such as broadening the remit of the Local Enterprise Offices, digital and automation skills, and engagement in areas of energy and environment.     Read all our updates in our Public Policy web centre.

Nov 04, 2019

Pensions in Ireland - A responsible way forward

A significant majority of Chartered Accountants are worried about Ireland's pension deficit and favour pension auto-enrolment to guard against poverty in retirement.

In its research report, Chartered Accountants Ireland examines the challenge of an ageing population in Ireland, the reasons that some private sector workers do not provide for their pensions and also looks at a number of different pension funding models used in other countries.

Chartered Accountants Ireland has over 26,000 members working in every sector on the island of Ireland, and is uniquely placed to identify the challenges that the pension deficit will bring.

Read our report on the PDF below.

CTA - Pensions in Ireland-min
NEWS BODY - Pensions in Ireland A responsible way forward-min

Seminar : Pensions under the spotlight
Chartered Accountants Ireland’s members engaged in a comprehensive discussion on the private pension crisis in Ireland at a seminar with Institute President Shauna Greely held in Dublin last Tuesday evening (6 March 2018). 

The event also saw the formal launch of the Institute’s report Pensions in Ireland: A responsible way forward which advocates auto-enrolment. View photos from the event >>>