Ireland’s Guide To Money And Living

Consumer watch

Consumer watch

Rental rise

Rent has risen by an average of 9.3% nationwide in the first three months of the year, according to a new report from The report raises concerns over this rate of inflation, noting that households should spend no more than one-third of their disposable income on rent.

“There is nothing normal – or indeed sustainable – about inflation in rents of 10%. This is particularly the case, given that the rate of inflation in the wider economy is close to 0%. In other words, if this situation persisted into the future, the average household would have to devote an ever greater share of its income, just to pay its rent,” said Ronan Lyons, in-house economist with Daft, commenting on the research.

Best in the world?

Irish people are quite picky when it comes to advertising, it would seem. According to statistics released by the Advertising Standards Authority of Ireland 1,221 written complaints were submitted to the organisation in 2015 – 72 of 924 ads were found to be in breach of ASAI code. Adherence to this code is voluntary rather than statutory, though members of the ASAI – a self-regulatory organisation for the Irish advertising industry – are required to abide by their regulations.

One of the most recent companies to fall afoul of the Irish public is Toyota, which has been asked to refrain from using its long-standing slogan, ‘the best-built cars in the world’, due to a number of complaints.

Fixing the flavour

Finally, the Health and Safety Authority (HSA) has launched an inspection campaign to ensure that retailers and distributors of liquid detergent capsules (also known as liquitabs) are complying with EU safety measures in effect since the beginning of the year. Over 900 incidents involving liquitabs were reported to the National Poisons Information Centre at Beaumont Hospital over the past five years, with the majority involving children under the age of three.

“These products are small and colourful, so children can mistake these capsules for toys or sweets. Changes to the labelling and packaging regulations were introduced to make it more difficult for children to see and access the product and prevent accidental exposure. We are now asking all retailers and distributors to check their existing stock to make sure what they have on their shelves is compliant as all non-compliant stock should be removed,” said Yvonne Mullooly, senior inspector with the HSA.

Other safety measures include adding a bitter flavour to the soluble packaging to prevent children from putting these tablets in their mouth, and opaque packaging.

When not writing about all things personal finance, You & Your Money's editor Conor Forrest enjoys reading, football and getting lost in an ocean of Wikipedia articles.