David Murphy

Dublin

Economics and Public Affairs Correspondent at RTÉ

RTÉ Economics & Public Affairs Editor. Former Political Coverage Editor. Former Business Editor. MSc Economic Policy. Views my own. RT ≠ endorsements.

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Articles

3 crucial issues facing the Government on housing

6 days ago | rte.ie | David Murphy

In a week when the minister responsible for housing admitted that meeting the Government's own target for the delivery of new housing this year would be "extremely challenging", RTÉ's Economics and Public Affairs Editor David Murphy examines three key issues that must be addressed if progress is to be made. Rent capsThe Government is facing the most significant decision during its tenure on housing - what to do about rent caps.
IDA consults pharma firms on EU retaliatory tariffs on US

1 week ago | rte.ie | David Murphy

The IDA sought the views of Irish-based pharmaceutical companies on the EU's draft list of retaliatory measures to US tariffs earlier this year as part of the Government's response to the European Commission on the proposals. The European Union published a list of imports from the US which could face tariffs as part of the trade war with the Trump administration in March.
Average weekly earning surpass €1,000 for first time

1 week ago | rte.ie | David Murphy

Average weekly earnings surpassed €1,000 in the first three months of this year, according to new figures from the Central Statistics Office. Weekly earnings were up 5.6% from €972 in the first quarter of 2024 to €1,026 in the first three months of this year. The figures cover all sectors across the economy excluding agriculture and companies with less than three people.
Ganley says to continue mobile phone licence legal action

1 week ago | rte.ie | David Murphy

Entrepreneur Declan Ganley says he is to continue legal action against the State, Denis O'Brien and Michael Lowry after US group Comcast told the High Court it was withdrawing. Mr Ganley was part of a consortium with US group Comcast which yesterday withdrew from the case and paid the costs of Michael Lowry and made a contribution to the costs of Denis O'Brien.
Comcast drops action O'Brien, Lowry and State

1 week ago | rte.ie | David Murphy

A consortium which bid for the controversial second mobile phone licence granted by the State has dropped its legal action challenging the award of the licence in 1996. Comcast applied to the High Court today to withdraw proceedings against the State, businessman Denis O'Brien, his company Esat Digifone which won the licence and Independent TD Michael Lowry who was Minister for Communications in the Government which awarded the licence.
Housing czar must be 'forthright', minister says

1 month ago | rte.ie | David Murphy

Minister for Housing James Browne has said anyone who is appointed to run the Housing Activation Office will have to be "forthright about any conflicts of interest". He was commenting following reports that the CEO of NAMA Brendan McDonagh had a property to let on Airbnb. Mr McDonagh withdrew his name from consideration for the role of leading the Housing Activation Office last week following political controversy about him retaining his €430,000 salary if he was to move to the new role.
US tariffs of 10% would hit GDP growth next year: Finance

1 month ago | rte.ie | David Murphy

Continuing US tariffs of 10% would reduce Gross Domestic Product, a measure of economic growth which includes multinationals, by 1.5 percentage points next year, according to the Department of Finance. The growth in the domestic economy would be down 1 percentage point and employment growth would be 0.5 of a percentage point lower, according to the Department's new projections. The lower level of growth in the employment market is the equivalent to around 25,000 fewer jobs by the end of next year.
Dept's economic forecasts to take US tariffs into account

1 month ago | rte.ie | David Murphy

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Coalition botches top role as it grapples with housing

1 month ago | rte.ie | David Murphy

Minister for Housing James Browne faces a monumental task, after a dreadful year for housing in 2024 when the Government missed its target for residential construction. But the Fianna Fáil TD's first significant move has resulted in a damaging political accident for the coalition, and exposed potential shortcomings in the Government’s plan to make progress on housing.
Small and medium firms investing less post pandemic

1 month ago | rte.ie | David Murphy

The scarring effects of the pandemic has resulted in small and medium firms investing less in their businesses, according to the Economic and Social Research Institute. It found nearly 60% of enterprises invested in capital in 2023 compared to 64% before the Covid-19. At the same time there was a significant fall in funds allocated by firms to climate related measures.