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Meagre Finance Bill and Jobs Initiative will have little impact on unemployment – Tóibín

25 May, 2011


Speaking in a debate on the Finance Bill Sinn Féin Spokesperson on Enterprise, Jobs and Innovation Peadar Tóibín said that the Government’s Jobs Initiative and the accompanying Finance Bill is a child of the failed policies of Fianna Fáil, Fine Gael and the Labour Party and will have little impact on unemployment rates.

Speaking in the Dáil Deputy Tóibín said:

“A significant characteristic of this Finance Bill is its meagreness. 440,000 people are unemployed and 50,000 will emigrate this year. The numbers emigrating are nearly akin to the numbers completing the leaving cert each year.

“When I asked the Minister for Finance how many jobs would be created by his initiative he refused to give me a response. He refused to give the house even an estimate of how many jobs would be created. This stands in stark contrast to his election promises just a few months ago where he stated that he would create 100,000 jobs. It also stands in stark contrast to his fellow Fine Gael colleagues and Labour disciples who have spent the last few weeks rushing back to their constituencies with the promise of thousands of new local jobs.

“Fianna Fáil, Fine Gael and Labour have implemented unprecedented austerity at the behest of the ECB and core EU nations. These measures have caused massive pain to the weakest in society. It has reduced the effectiveness of our health care systems and our education systems and it has forced well over a half a million people on to the dole and onto the emigration plane.

“These austerity measures have left the economy to flat-line and have had no positive impact on the bond market interest rate to which this government has promised to return in 2012. This jobs Initiative and the accompanying Finance Bill is a child of those same failed policies and as a result it will effect little if any long term mitigation of the core problems in Irish society.”

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