John Deasy (Waterford, Fine Gael) | Oireachtas source

I spent the past couple of days in Budapest where I met Enterprise Ireland, Irish business individuals, the Prime Minister, the President, Ministers and others. The meeting with the Prime Minister was interesting. He was very clear about where he felt his assets lay with regard to attracting industry. He underlined technical ability in the young workforce as a huge asset. It is a very cheap labour source compared to ours and there are very low utility costs. Where are our danger areas? Where are we weak and potentially vulnerable with regard to being competitive and attracting industries from abroad? Are there issues of which we need to be aware outside of tax issues? There is nothing we can do about the UK lowering its corporate tax rate to 20%. Where are the areas we need to identify and give more attention?