Monday 26 September 2016

Richard Bruton doubles jobs target to 200,000 by 2020

Published 05/02/2016 | 11:55

Minister for Jobs, Enterprise and Innovation Richard Bruton
Minister for Jobs, Enterprise and Innovation Richard Bruton

Minister for jobs Richard Bruton has doubled the target set by the Government during its last term to 200,000 extra jobs by 2020.

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The minister was speaking at the launch of Fine Gael's jobs plan in the CHQ Building on Friday morning.

"In looking ahead for the next period, we're doubling our ambition so we're setting out a target of 200,000 jobs but we are retaining that crucial 45pc plus will remain coming from our directly exporting sectors," the minister said.

As part of the new plan Fine Gael aims to have jobs for anyone who wants one by 2020 and have the unemployment rate in each region within 1pc of the national average of 6pc.

Under the Fine Gael jobs plan the minister said that it would work on developing employment clusters.

"We’re going to focus on how we build on clusters that are self-sustaining. We have seen very significantly in the medical devices world that there are real opportunities for Ireland. We will set about driving those clusters and doing them in a much more systematic way"

In the plan Fine Gael says that in order to fund an extra €4bn in capital investment over the five year period from 2017 to 2021 Fine Gael will use €1bn of available fiscal space.

The minister also outlined the party's intentions to abolish USC over the next five years as well as its intentions to reduce taxes on entrepreneurs and start-ups.

When asked about the Tánaiste's ambition to increase the minimum wage by €2 an hour the minister said that it would fit with the party's intentions.

"My ambition would certainly be to deliver that sort of progress and I think we can see a significant increase over time. It is on the basis of growing our competitive edge.

"The key is we can't let our ambitions domestically or politically run ahead of our capacity to deliver."

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