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Budget 2018 shows lack of Vision and Preparation for Brexit – Cullinane

10 October, 2017 - by David Cullinane TD

Sinn Féin spokesperson for Brexit David Cullinane TD said today that the government's budget does not provide for the serious challenges of Brexit.

Deputy Cullinane said:

“This government is not prepared for Brexit.

“The €50m announced to meet the challenges of Brexit is woefully inadequate and amounts to nothing more than previous measures dressed up as ‘Brexit initiatives’.

“We need a clear vision of where we want to be in five years’ time, and we need to start building for it now.

“We need to direct public financial resources into building houses, schools, hospitals and other infrastructure – and we need to do this to provide for our fellow citizens and to meet the challenges that Brexit will bring.

“Time and again, we have heard from foreign investors say that it is the problems in our social and commercial infrastructure that is holding back investment.

“And what is Fine Gael’s response?  Carry on as before with fingers crossed and hope for the best.

“Brexit could lead to up to a 7% drop in GNP.

“Now is the time to build up our defences, to look to our transport hubs, to bring balance to the State and look to our towns and cities outside of Dublin.

“We need more than words when it comes to Brexit. We need a proper, balanced, and fully integrated capital investment plan. We need to increase our productivity and capacity for growth.

“The failed Fine Gael and Fianna Fáil model of tax breaks for private developers, funded by the selling of public assets, is a disaster waiting to happen.

“Sinn Féin, in its Alternative Budget, provided for over €1.6bn in capital investment - over twice that provided by Minister Donohoe.

“The government’s budget is a weak response to a serious situation.” 

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