A new report from Bank of Ireland has found that almost half of Irish consumers (49%) see it as a good time to save which compares to 42% in November 2019.

However, this number is lower than it was in May of this year (55%) suggesting that while lockdowns have enforced a reduced level of expenditure, consumer attitudes to saving have not been quite as pronounced in the second lockdown, or Christmas spending had started in earnest. read more

The Irish government on Wednesday said it would retain its Pandemic Unemployment Payment at the current rate at least until the end of March after it announced the closure of non-essential retail to help curb a surge in COVID-19 infections.

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