Seanad debates

Friday, 28 January 2011

Finance Bill 2011: Second Stage

 

11:00 am

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)

The recovery is being driven by the exporting sectors, underpinned by the significant improvements in competitiveness that have taken place. This is most evident from the 13% annual rate of export growth recorded in the third quarter of last year, which was one of the best performances in the European Union. This export growth is broad-based and while the pharmaceutical, software and financial sectors are involved, the food sector also has seen significant growth. This is as a result of decisions taken by the Government. This is as a result of the Government's insistence on greater competitiveness and on reductions in wage bills across the board, with the market and the Government dictating such reductions in the private and public sectors, respectively. Through this adjustment, the country has become more competitive and is able to export more. All of that was opposed vigorously in this House by the parties opposite, who now subscribe to what I call "The Late Late Show" doctrine. This doctrine states that one opposes all tax increases and expenditure cuts, after which one then tells people that one will not change matters if one enters into office. This is "The Late Late Show" doctrine as enunciated by Deputy Gilmore on that show and is what one is facing into in the forthcoming election campaign. This is a doctrine that states that one can agree with everything the Government has done even though one opposed it in most violent language with allegations of treason, economic suicide and economic corpses.

Comments

No comments

Log in or join to post a public comment.