Oireachtas Joint and Select Committees

Tuesday, 24 October 2017

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Cost of Doing Business in Ireland: Discussion (Resumed)

11:00 am

Photo of Tom NevilleTom Neville (Limerick County, Fine Gael) | Oireachtas source

I just want to put on record that we have come from 15% unemployment in 2012 to a figure of 6.1% today, so I do not want all negatives going out from here. That is the backdrop to what we are talking about. If anything, we are talking about growing pains here. These are growing economy pains, as opposed to what we were used to in previous years. I understand we are trying not to repeat the mistakes of the past in relation to competitiveness, and we want to try and spread it as equally as we can. Nobody predicted that it would be this fast, and because it has been we are now seeing parts of the economy outgrow the infrastructure and the infrastructure is trying to catch up. That is the backdrop to this.

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