AIB rates
AIB has announced it will increase the cost of new fixed-rate mortgages by 0.5 per cent.
The increase will apply across its brands, which includes EBS and Haven.
In a statement, AIB confirmed the new rates will apply for both private home and buy-to-let mortgages from close of business on Friday.
The move follows the decision taken by the European Central Bank (ECB) in July to increase interest rates in an attempt to dampen record inflation across the Euro zone.
Truss U-turn
British prime minister Liz Truss vowed to see through her low-tax agenda as she announced a major U-turn after sacking Kwasi Kwarteng as chancellor and appointing Jeremy Hunt in his place.
Ms Truss said her mission remains the pursuit of a “low-tax, high-wage, high-growth economy” but accepted parts of the mini-budget last month went “further and faster” than markets had expected.
Admitting she had to change course, she reversed a key policy to scrap the planned rise in corporation tax from 19 to 25 per cent.
Speaking at a hastily-arranged Downing Street press conference, she said: “It is clear that parts of our mini-budget went further and faster than markets were expecting so the way we are delivering our mission right now has to change.”
Donegal fatal collision
A man in his 40s has died following a crash in Co Donegal.
One car was involved in the incident, which happened about 8am on Friday on the R245 at Carrigart.
The man was the driver and sole occupant of the vehicle and his body has since been removed from the scene to Letterkenny University Hospital where a post-mortem examination will take place.
Dublin lotto win
A family-run shop in Mount Merrion, Dublin has been confirmed as the seller of Wednesday's Lotto jackpot winning ticket.
The Quick Pick ticket won €2,310,972, however the winner is yet to make contact with the National Lottery to claim their prize.
Wednesday's lucky winner is the ninth jackpot winner so far this year and the 31st National Lottery millionaire of 2022.
