Seanad debates

Wednesday, 2 July 2003

Forfás Consumer Pricing Report 2003: Statements.

 

That is why I said this well-meaning Minister of State is on a sticky wicket. He has a difficult position to defend today and I hope some good comes from his well-intentioned actions. It behoves us all to wish him well in that regard. However, the Government has clearly failed to deliver services efficiently at a competitive cost – there is no denying that. It has lost sight of the crucial requirements for price competitiveness. There are continuing concerns about the extent to which cuts in prices at the factory gates are being passed on in shops. Manufacturers are clearly protecting their margins by not giving the price reduction on sales in the domestic market that they apply to their export sales. Export prices fell by 10% while prices in the home market increased by 1.4% in the last year.

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