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The top four things you need to know - Tuesday November 22nd

RedFM News
RedFM News

06:35 22 Nov 2022


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Rents are continuing to rise at a record rate with some of the biggest increases now seen outside the capital.

In Cork city, rents rose by 12.1%, while in Cork county rents average rents were 1,305 - a 7.3% increase.

The average market rent nationwide between July and September was €1,698 per month, 120% above the low of €765 per month seen in late 2011.

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The Transport Minister's agreed to review planned increases in road tolls.

It follows concern about the timing of the inflationary price rises granted by TII during a cost-of-living crisis.

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Irish banks are paying some of the worst interest rates to savers in all of the EU.

A study by the Irish Independent has found deposit interest rates here are up to 4 times lower than the eurozone average.

The paper says that despite recent ECB rate hikes, the rates for deposit or savings accounts in Ireland has barely changed in the last 4 years.

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The Government looks set to introduce a windfall tax on electricity companies.

A memo will go to Cabinet this morning seeking to introduce a cap on market revenue generated by electricity providers as the cost of living crisis deepens.


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