View this email in your browser Business Today Monday, 22 June, 2026 Editor's Note Good morning, reader The State’s €450 million scheme that aimed to subsidise the construction of 5,000 apartments for sale to owner-occupiers is tracking in advance of budget, Killian Woods reports. Data released by housing minister James Browne has shown €320 million, or 71 per cent of the budget, has already been committed towards only 2,662 homes and the rate of subsidies needed for each apartment is €30,000 higher than expected. Killian Woods also reports on two pre-budget submissions by Davy and PwC, which have both called for significant cuts to capital gains tax (CGT). Continue Reading Killian Woods   TOP BUSINESS STORIES Markets Oil falls after US-Iran peace talks show signs of progress Business Apartment subsidy scheme has spent 70% of budget on just half of its housing target Business Hospitals write off millions as health insurers decline to pay invoices Business Government urged to cut capital gains tax in Budget 2027 to spur investment Business From a Monaghan farm to New York high fashion: ‘Ireland is still a very big part of my life’ Eoghan O'Mara Walsh It’s great the Government wants to boost tourism by 50% - but were will the extra visitors stay? MORE BUSINESS STORIES Business Directors of Longford housing contractor Gem share €13m in dividends Business New broadband infrastructure proposal could add €390m to housing costs, Siro warns Business Flogas price hikes set to leave some worse off by €400 a year Business Irish arm of Western Union paid $32m dividend to parent company Do you have questions about becoming an Irish Times subscriber, or about your subscription? You'll find handy guides in our FAQs, and you can manage many aspects of your subscription in the My Account section. Never miss a business story Subscribe now for just €1 for your first month SUBSCRIBE