Enhancing Ireland’s competitiveness
Fine Gael has turned a blind eye to successive warnings from the National Competitiveness Council (NCC). The “Costs of Doing Business in Ireland” reports are a damming indictment on current competitiveness policy and empathetic on Ireland’s position as a high cost location across several cost metrics including childcare, property, insurance, transport, energy and business services.
Competitiveness is essential as a means of achieving sustainable improvements in living standards and quality of life. The ESRI have estimated that industrial output would increase by 1.7% if we improved our country’s competitiveness.
Fianna Fáil’s plan to strengthen our competitiveness
Implement the National Competitiveness’ Council’s recommendations
Ensure the swift implementation of recommendations of the National Competitiveness Council.
National Infrastructure Commission
Establish a National Infrastructure Commission to implement Ireland 2040 as this would oversee the implementation of long term capital plans. Currently there is no oversight on which projects are to be prioritised. It is crucial for Ireland’s development that there is connected thinking when it comes to planning frameworks and capital plans.
Bring down insurance costs
Introduce insurance reforms to reverse the soaring prices of motor and business insurance. These include clamping down on false insurance claims and reforming the personal injuries assessment board.
Strengthen entrepreneurship supports
Enhance competitiveness by strengthening entrepreneurship supports via tax incentives and creating a more conducive environment for SMEs to bridge the gap with competitor nations.
Reduce childcare costs
Ensure adequate childcare supports are in place to give working families the help they need.
Defend Ireland’s 12.5% Corporation Tax Rate
We will continue to defend this tax rate as a core Member State competency and one of several key planks to continued FDI investment and high quality jobs.