Oireachtas Joint and Select Committees

Tuesday, 28 November 2017

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Cost of Doing Business in Ireland: Discussion (Resumed)

4:00 pm

Photo of James ReillyJames Reilly (Fine Gael) | Oireachtas source

I would like to ask a few questions of Mr. Thompson if I may. First, I thank both witnesses for coming here today because the work that we are doing needs to be informed. The witness mentioned labour costs and insurance. Indeed, labour costs are mentioned by all business people as a concern but the cost of insurance is particularly concerning at the moment. RGDATA representatives met this committee recently and mentioned a particular business that was paying €10,000 in insurance ten years ago. This year that business has been asked for €110,000 which is a phenomenal increase in ten years. I ask the witnesses to comment on the levels of increase in insurance costs.

On legal costs, the witness referred to €42,000 in the context of a €100,000 settlement. Is the €42,000 part of the €100,000 or on top of it?

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