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Retail sales figures another indicator that government policy is failing

28 May, 2012

The latest figures for retail spending found that the value and volume of retail sales has fallen annually since this Labour and Fine Gael came to power by, -1.8 and -2.7%.

Peadar Tóibín Sinn Féin Spokesperson on Jobs, Enterprise and Innovation said:
“Last night the Taoiseach claimed that our economy was moving in the right direction. Today we learn that retail sales a key indicator of our economic health has further retracted.

“The policy of this government of taking money out of the economy and pockets of the workers is driving down demand and undermining our domestic economy. It is closing down businesses and costing jobs.

“Added to the hardship that the retail sector face is the fact that the government has failed to make good their promises to deal with upwarding only rent reviews. 50,000 jobs have been lost in this sector since the downturn and a further 30,000 are in jeopardy as a result of this government’s policy.

“There is a need to end the failing policy of Austerity and begin the process of investing in jobs and business. There is a need for urgent action to end the upward only rents that are still in place.”

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