Mid West Households cut food spending

first_imgTwitter Facebook Linkedin Celebrating a ground breaking year in music from Limerick RELATED ARTICLESMORE FROM AUTHOR Population of Mid West region increased by more than 3,000 in past year WhatsApp TAGSCSOMid WestMusic LimerickNational Household Survey #SaucySoul: Room 58 – ‘Hate To See You Leave’ Printcenter_img Previous articleTaoiseach hopes to Loop the Loop for MilfordNext articleParents struggling to meet school costs John Keoghhttp://www.limerickpost.ie Email NewsMid West Households cut food spendingBy John Keogh – August 8, 2013 686 Watch the streamed gig for Fergal Nash album launch ALMOST half of households in the Mid West have cut grocery spending due to loss of income, according to the latest figures released by the CSO.Its latest national household survey revealed that about 40 per cent of those surveyed in the Mid West were having difficulty managing bills and debts, with 50 per cent reporting a loss in income in the last year.Sign up for the weekly Limerick Post newsletter Sign Up A total of 39 per cent of respondents stated that job loss was the main cause of their lack of income; 14 per cent said their hourly pay had been cut and 21 per cent reported a reduction in working     hours.A massive 87 per cent of Mid West households who were experiencing financial difficulty cited utility bills as their main additional cost in the last 12 months, while 28 per cent blamed school or college costs.An alarming four out of five households in the region said they had cut back on at least one area of spending to help resolve financial difficulties.When asked what areas they had cut back on, 48 per cent said they were spending less on groceries, 62 per cent had slashed clothing and footwear spending and 24 per cent had dropped health insurance cover.Over half of households had cut back on holidays abroad and 37 per cent had either sold a car or reduced car usage.One in five households had implemented five or more cutbacks.The CSO also found that almost one third of families in the Mid West had used savings to pay bills; 12 per cent sought financial assistance from relatives or friends and five per cent had to work longer hours or take a second job.On average 14 per cent of households in the region missed one or more mortgage payment in the last 12 months, while one in five were unable to pay rent on time.One in ten households surveyed said they were very concerned regarding their level of debt over the last 12 months. Emma Langford shortlisted for RTE Folk Award and playing a LIVE SHOW!!! this Saturday #HearThis: New music and video from Limerick rapper Strange Boy Advertisementlast_img read more

BNP Paribas tightens restrictions on coal-related lending, plans 2030 exit

first_imgBNP Paribas tightens restrictions on coal-related lending, plans 2030 exit FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):BNP Paribas SA expanded its target to end relationships with customers that use coal to generate electricity by the end of 2030 to all Organization for Economic Cooperation and Development countries, the French bank said in a May 11 statement.BNP Paribas said it will no longer accept any new customers with a coal-related revenue share of more than 25%. The policy is expected to halve the number of BNP Paribas corporate customers using coal for a share of their electricity generation.“BNP Paribas is the first bank in the world that has set a coal-exit date, decided to end the financing of shale-gas and tar-sands specialists, and acquired a leading position in financing renewable-electricity projects,” BNP Paribas director and CEO Jean-Laurent Bonnafé said. “Beyond coal and unconventional hydrocarbons, we are putting in place innovative tools that will enable us to systematically introduce environmental criteria into our lending decisions and align our portfolio with the objectives of the Paris Agreement.”The provisions include loans and financing through financial markets.The company has been gradually tightening its criteria around funding for companies with ties to coal since 2011. BNP Paribas said it has not financed a single new coal-fired power plant anywhere in the world since 2017. In 2019, the bank adopted cutoff dates for customers to stop using coal by 2030 in the European Union and by 2040 for the rest of the world. BNP Paribas said it will continue its commitment to end relations with any customer developing new coal-based production capacity in the near future.Banks, insurers and other financial institutions have increasingly distanced themselves from the coal sector with pledges to stop investing in or providing services to coal companies. Major financial institutions including BlackRock Inc., JPMorgan Chase & Co. and Goldman Sachs Group Inc. have recently rolled out policies that restrict or exclude business with the coal sector.[Taylor Kuykendall]More ($): BNP Paribas speeds move toward complete coal exit with new, tighter restrictionslast_img read more