Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

An assumption within the summer economic statement is that we expect wages will grow. “Cost competitiveness” refers to two elements. The first is how we can change overall levels of productivity within our economy. Some parts for our economy are really productive. We want to increase the productivity of others. That is why the educational programmes to which the Minister, Deputy McGrath, made reference to a moment ago are so important.

The second element focuses on a particular issue that dovetails with the many discussions we have had in housing - for example, the cost of building a home and the cost and affordability of how houses and apartments are built affects our competitiveness. This will be referenced and focused on in the Housing for All plan, which the Government will launch.