THE head of the country’s largest trade union says the entire €1bn of savings made in the promissory notes deal should be used to ease cuts and tax increases in the next Budget.
SIPTU president Jack O’Connor said the Government must use the money for a stimulus plan to create jobs and growth.
Mr O Connor’s comments at a union meeting in Wexford tonight come as Labour ministers also call for the savings to be used immediately, while some in Fine Gael say the Coalition should push ahead with its planned cuts and taxes.
Mr O’Connor said: “The Government must grasp the opportunity presented by its recent promissory note deal to abandon the misery of one-sided austerity and launch a stimulus plan for jobs and growth.”
He said planned cuts in social welfare and health should be abandoned, and a fund should be set up to help people who are at risk of losing their home.
Mr O Connor also said the Government can take advantage of Ireland’s improved credit rating to borrow more to fund a bigger infrastructure stimulus plan.