Seanad debates

Thursday, 20 December 2007

10:30 am

Photo of Dominic HanniganDominic Hannigan (Labour)

I was concerned to read this morning that the Economic and Social Research Institute has forecast that growth will slow to its lowest rate in 16 years next year and that unemployment will rise. We live in a global economy where multinational companies can move to other countries to avail of lower wage or tax rates so it is important we try to grow indigenous businesses. I set up my own business years ago and I know how difficult it is. I compliment and congratulate in that respect our fellow Member, Senator Mary White, who took the plunge, started her own business many years ago and this week sold it for the sum of €7 million. She employs 100 people in Navan. She has done tremendously well for the people. Now that she has sold the company I hope she will spend more time in this Chamber and contribute to debates on how we can grow——

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