Retaining Competitiveness Critical for Irish Economy

Chambers Ireland notes today’s (10 November 2016) call by SIPTU 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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For further information contact Susan McDermott, Chambers Ireland on 01 400 4331, 086 6081605 or email susan.mcdermott@www.chambers.ie. 

Chambers Ireland – Ireland’s largest business network creating the best environment for members locally, regionally and nationally.