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Government offering nothing more than sticking plaster where major surgery is needed – Tóibín

29 June, 2011

Commenting on the latest increase in the amount of people unemployed, Sinn Féin Spokesperson on Enterprise, Jobs and Innovation Peadar Tóibín TD has stated that the economy is in need of major surgery but all this government seem able to provide is one or two paltry sticking plasters.

According to the CSO the increase in the monthly unemployment rate was 2,900 last month and the standardised unemployment rate in June 2011 was 14.2%, up slightly from 14.1% in May. Figures also released this week showed a fall in the level of retail sales year on year in May by 2.1%. Last week the CSO released figures which indicated that GNP fell by 4.3% in the last quarter.

Deputy Tóibín said:

“The domestic economy is in a debt trap. The policy of austerity is pushing down expenditure which is shrinking the economy and causing major unemployment. This in turn is reducing the states capacity to repay debt which means that subsequent austerity has to be more severe. This government is perpetuating the downward spiral started by Fianna Fáil.

Referring to Minister Burton's announcement of the JobBridge initiative, Deputy Tóibín claimed it was, "a cynical attempt to make a good news story. Based on today's increased unemployment figures, the 5,000 intern places will be gone by August. It is a pathetic sticking plaster to a problem that demands a real jobs strategy along with major surgery of a targeted fiscal stimulus."

Deputy Tóibín called on the government to ensure that the new internships would not be abused by some employers who may seek to use the increase in unemployment as cheap labour.

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