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Government Economic Renewal Plan short on substance - Morgan

18 December, 2008


Sinn Féin Finance Spokesperson Arthur Morgan TD has described the Government's Economic Renewal Plan, announced today, as a collection of rehashed policies with some new economic aspirations but very little substance. He said the plan certainly does not reflect what is required to stabilise and re-energise the economy.

Speaking from Dublin Castle today after the Government announcement Deputy Morgan said, "The government have been far too slow to respond to the economic crisis and today's plan falls far short of what is required. It is telling that the government has announced this plan in Dublin Castle - they are obviously trying to avoid a proper debate in the Dáil.

"They are trying to present short term stop gap measures as a long term framework. What they have announced today is a collection of rehashed policies with some new economic aspirations but very little substance. There are no figures, no targets and no timeframes.

"We need to see the detail of the plans for investing in social housing, school buildings and infrastructure projects that will improve competitiveness.

"We are still awaiting the detail of real job creation strategy with a concentration on retraining and getting people back into the workforce, supporting indigenous business, particularly in relation to exports.

"And we have heard nothing from the Government in relation to the development of an all-Ireland economy to end duplication and waste and put the country on the strongest footing for economic recovery.

"What now looks certain from this plan is that the Government is set to reward venture capitalists while seeking to penalise the ordinary workers who have built this economy." ENDS

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