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November 14th, 2016 @ 09:48

Retaining Competitiveness Critical for Irish Economy

 10th November 2016,

Chambers Ireland notes SIPTU's call for Government to enter talks on a new pay deal for public sector members. 

Ian Talbot, Chief Executive Chambers Ireland said, “In the event of any talks, Government and Unions must take account of the need for Ireland to remain competitive. There are very significant, unquantifiable risks facing the Irish economy in coming months and years driven by international political developments. Both Brexit and the upcoming change in leadership and Government of the US could potentially turn Ireland’s current trade policy on its head, with serious implications for exports, investment and ultimately jobs for many years to come.”

“Ireland is currently continuing to borrow to fund current, day to day, expenditure and this is not sustainable. Facing a period of economic uncertainty, the State cannot afford potential increases to borrowing.” 

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