Paul Coghlan (Fine Gael)

We have the highest inflation in Europe and the worst value for money. Prices have risen 26% faster than in the rest of the euro area, inflation is close to 5%, there are approximately 50 stealth taxes and the price of electricity and gas has risen considerably and is probably still rising. IBEC has stated that the price of basic food products, such as bread, cereals and canned foods, will rise further in the coming weeks due to spiralling costs. In view of these and other serious factors, I strongly support Senator Ryan's call, supported by Senator Quinn, for an urgent debate on competitiveness.