Posted on 08 July 2010
The OECD Report on employment paints an alarming picture of Ireland’s jobs crisis and shows that the Government’s strategy for jobs is failing dismally.
The key findings of the OECD report are that:
- Unlike other countries, axing jobs is the only option adopted by employers in Ireland. But other governments have been able to promote flexible working options to reduce the impact on unemployment;
- Not only has unemployment surged in Ireland, but people are getting stuck on welfare. Almost 40% of the unemployed now deemed to be long-term unemployed, with high risk they will never be reabsorbed into work;
- The likely economic recovery will be too feeble to address the problem of rising unemployment. Read the full story
Posted on 07 July 2010
This Government has taken an economic model that was the envy of the world and destroyed it. It was destroyed not by some international tsunami from abroad but by a bog-standard property bubble that was entirely homemade. As the governor of the Central Bank has found, official policy added fuel to the fire and heightened the vulnerability of the economy.
Catastrophic Budgetary policy was central to the collapse. Public spending was consciously expanded at a faster rate than the economy could support. The damage done to competitiveness was ignored. The public were led to believe that the party would last forever. The property bubble that was bringing in new tax revenue was urged on by a Minister for Finance who resisted closing down these tax reliefs. To court popularity, government became more and more reliant on a narrow range of volatile taxes. In the end a quarter of all tax revenue was coming from the building sector. Read the full story
Posted on 10 June 2010
Cowen’s Defence of Record Blown Away by Devastating Critique of Policy Failures
The independent expert witnesses have had their say and have found that Brian Cowen and the banking and regulatory systems he oversaw were guilty of spectacular and catastrophic failures of economic management with ordinary taxpayers left to pay the price for this failure. Read the full story
The OECD Report on employment paints an alarming picture of Ireland’s jobs crisis and shows that the Government’s strategy for jobs is failing dismally.
