The economy cannot endure another “lost decade”, where investment in infrastructure and housing was minimal. Ongoing housing shortages, infrastructure deficits and the demands that the transition to a low carbon economy will entail, must be addressed in Budget 2020.
Our own Pre Budget submission to Government will include a series of recommendations that will put productivity and inclusion at heart of how we can grow the economy in a sustainable way.
Sustainable infrastructure that supports affordable homes which are appropriate to the needs of a young, growing population is essential to the prosperity and wellbeing of our country. Improving construction sector productivity is central to our budget recommendations and must be at the heart of Budget 2020.
Our transition to a low carbon economy must be supported by immediately ring-fencing the current revenue from carbon taxes so that they can be invested in public transport, retrofitting, and green energy infrastructure.
Improving workforce participation will require the creation of a flexible workplace that works for families, specifically we are calling for the government to develop a set of guidelines to support flexible working, and greater access to affordable quality childcare.
In the event of a no-deal Brexit Minister Donohoe should implement a supplementary budget to account for the extraordinary and traumatic shock that will be inflicted on the island."