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Business Newsletter From John O'Mahony TD

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John O’Mahony TD D’Alton Street, Claremorris, Co Mayo. Tel: 094 93 73560 Fax: 094 93 737339 Dáil: 01 618 3706 Text: 086 326 8041 Email: [email protected] web: www.johnomahony.ie Only 6% of jobs delivered under Government PRSI rebate scheme Last December the Government announced a refund of employer’s PRSI to companies that hired people who had been 6 months on the dole. The target was 10,000 new jobs. Only 629 jobs have so far been supported under the scheme. Fine Gael believes that all businesses need a PRSI relief and not just those expanding. Our plan proposed to cut all wage bills by on average 3%. This plan would have helped make 1.7 million jobs more secure and make it cheaper to hire new employees. Working with Fine Gael’s Newsletter for the Business Community in Ireland The Credit Review Office – What it can do for you If you’re a small business, sole trader or farm owner who has had difficulty getting credit or loan facilities of up to 250,000 or you have had an unfavourable change to your existing credit terms, get in touch with the Credit Review Office for an independent review. Only 20 businesses have taken up this option in the first six months! The banks are required to comply with the recommendation or to give their reasons for not doing so to the Credit Review Office. The Office has overturned the Banks’ decision in four cases. Call them on 1850 211 789 or visit online at www. creditreview.ie where you will find good advice on how to approach your bank. Autumn n 2010 E Edi ti on 3 years on and only 4% of promised red tape reduction delivered Three years ago, the Government promised to reduce the unnecessary cost of business compliance by 500 million. In today’s fiercely competitive business environment that is 500 million that business can’t afford to part with. To date, past the halfway stage, only 20 million in savings have been achieved. Cutting out unnecessary red tape must be a key part of a new Government’s agenda to make the Irish business environment competitive again. Why does the Government make such an important promise and only deliver on 4% of it? They cannot blame the recession for this failure. It is part of what was recently branded “a Chronic Implementation Deficit Disorder,” from which the Government suffers. Business Newslet J O'Mahony.indd 1 Business Newslet J O'Mahony.indd 1 01/11/2010 16:19:24 01/11/2010 16:19:24
Transcript
  • 1. Autumn 2010 EditionnF i n e G a e ls N ew s le t te r fo r t h e B u s i n e ss C o m m u n i t y i n I re l a n dWorking with3 years on and only 4%of promised red tapereduction deliveredThree years ago, the Government promised to reduce theunnecessary cost of business compliance by 500 million. Intodays ercely competitive business environment that is 500million that business cant afford to part with. To date, past thehalfway stage, only 20 million in savings have been achieved.Cutting out unnecessary red tape must be a key part of a newGovernments agenda to make the Irish business environmentcompetitive again.Why does the Government make such an important promise andonly deliver on 4% of it? They cannot blame the recession for thisfailure. It is part of what was recently branded a Chronic ImplementationDecit Disorder, from which the Government suffers.Only 6% ofjobs deliveredThe Creditunder JohnReviewGovernmentOMahony TDOfce PRSI rebateWhat it schemecan doLast December the Governmentfor you announced a refund ofemployers PRSI to companiesthat hired people who had been6 months on the dole. The targetIf youre a small business, sole trader or farm owner who was 10,000 new jobs. Only 629has had difculty getting credit or loan facilities of up jobs have so far been supportedto 250,000 or you have had an unfavourable change to under the scheme.your existing credit terms, get in touch with the CreditReview Ofce for an independent review. Fine Gael believes that allbusinesses need a PRSI reliefOnly 20 businesses have taken up this option in the rstand not just those expanding.six months! The banks are required to comply with the Our plan proposed to cut allDAlton Street,recommendation or to give their reasons for not doing wage bills by on average 3%.Claremorris, Co Mayo.so to the Credit Review Ofce. The Ofce has overturned This plan would have helpedthe Banks decision in four cases.Tel: 094 93 73560make 1.7 million jobs moresecure and make it cheaper toFax: 094 93 737339Call them on 1850 211 789 or visit online at www. Dil: 01 618 3706creditreview.ie where you will nd good advice on how hire new employees.to approach your bank.Text: 086 326 8041Email: [email protected]: www.johnomahony.ieBusiness Newslet J OMahony.indd 101/11/2010 16:19:24

2. Fine Gael will rationalise State business inspections As part of its upcoming policy on overhauling the public sector, Fine Gael will propose a One Stop Shop for business inspections by State bodies. Irish businesses face inspections from a growing range of Government bodies, such as the National Employment Rights Authority, the Health and Safety Authority, the Food Safety Authority, the Environmental Protection Agency, and County Enterprise Board funding still the local authorities. These inspections down 10% from last year are often uncoordinated and repetitious. Huge efciency gains for the State, and A Fine Gael survey of all the County Enterprise Boards conducted at the end offar lower compliance costs for business the summer revealed that 37% had no funding or severely limited support for can be secured if they are consolidated new starts ups. Under pressure the Government has now committed an extraunder one roof. 3.3 million. However, this is still down 10% on the total funding allocated last year. The number of applications to start a new business is up 20%, but the Government has cut funds by 10%. The future of the economy depends on people having the ingenuity and the courage to set up a new business. The banks wont touch them and now we see the Government abandoning them too. This makes a nonsense of the Governments claim that enterprise and jobs are at the heart of their strategy. It now seems that the County Enterprise Boards are set to be integrated into Enterprise Ireland. SME loan guarantee: Banks must be made compete for it The Government still hasnt woken up to the realisation that NAMA Governmentis not providing a wall of cash responsible for mostin credit for small business. It did not take up the Fine Gael plan for of competitivenessa National Recovery Bank, and now it is set to reject Fine Gael lossproposals on a loan guarantee It is simply inexplicable why the Governmentfor viable small businesses. hasnt produced a Competitiveness Action Plan International experience has to tackle the competitiveness agenda. The shown that a properly designed loan guarantee scheme can 2010 Report on Irish competitiveness shows conne default to 1.5%. The a further decline in Irelands position. Of the 36 indicators of competitiveness which are target group would be viable businesses who cant put upThe new Fine Gael in the red zone, government is responsible for 20 of them! Yet there is no attempt to the collateral or the guarantees sought. The banks would retain Business Team go to work on these problems with a sense ofa signicant share of the risk purpose. The Irish Government is a persistentRichard Bruton - Enterprise, Jobs & (at least 25%). Banks would be Economic Planning offender on costs for energy, waste, water andrequired to bid every quarter communication. It has refused to implementfor a slice of the cover, and be Deirdre Clune - Innovation and Research an effective competition policy. Less than half rewarded with bigger slicesJohn Perry - Small Business of the recommendations of the Competition where they can show a record of Authority on the legal profession, the health success. This will not be another Kieran ODonnell - Deputy Enterprise sector, and transport, have been implemented. way for the banks to unload bad Spokesperson0612 High rent, too should be challenged.loans onto the taxpayer. Business Newslet J OMahony.indd 201/11/2010 16:19:31


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