Joe Behan (Wicklow, Independent)

I thank the Acting Chairman and the Ceann Comhairle for the opportunity to speak on this important issue in a challenging time for us and for the country. The people are anxiously awaiting the results of the negotiations with the social partners. I support the Government's intention to agree the necessary savings for the next few years with the social partners. It is essential to have solidarity throughout society and support for the measures that must be taken. Some people assume that everyone earning a wage is willing to take a pay cut or to make sacrifices. I am not sure that is the case because many feel they have not earned excessive money as wage earners and PAYE workers. They look at those who have made large fortunes in the past ten or 15 years, during the life of the Celtic tiger and would like to see the most wealthy contribute before they do.

We should also be aware of events in other European countries. The trouble started in Iceland but there is widespread civil disturbance, protests, major strikes in France and other EU countries. We have to be concerned that governments around the world are not getting support from their people for the measures they must take. That is why it is important that this Government stick with the partnership process. We are relying on the success of the talks and wish the participants well.

The Conference of Religious in Ireland, CORI, expressed concern yesterday that the framework document does not adequately cater for the vulnerable sections of society. I will not accept or support actions that will affect the most vulnerable people, young, old or otherwise vulnerable. I would not have supported it within Fianna Fáil and will not support it outside the party. If the measures are fair and most people see them as such they will deserve support. We hope that will happen.

There has been mention of a national recovery bond and an opportunity for citizens to invest some of their pay in the State and its economic recovery, by way of a return similar to the special savings incentive account scheme in better times. I hope the Minister for Finance might consider that. The tax base must be widened. We relied on one-off taxes based on the construction industry and it is clear that while some enjoyed the fruits of that money we cannot rely on that. The tax commission and its yield will be important to ensure sustainable financing of the economy.

Many years ago I worked for a year for an American corporation based in Ireland. The company had a bonus suggestion scheme whereby employees who suggested savings in the workplace received a percentage of those savings as a bonus. Is there room for such an initiative in the public sector? People working at the coal face might be able to suggest savings and share in their benefits.

I wish the Government and all the social partners well in the negotiations. For all our sakes I hope they are successful.

See this speech in context