Friday 28 July 2017

Brian Hayes: Being competitive is like dieting - it takes work but it pays off

Minister for Finance, Michael Noonan, and Brendan Howlin, Minister for Expenditure and Public Reform
Minister for Finance, Michael Noonan, and Brendan Howlin, Minister for Expenditure and Public Reform

Brian Hayes

Staying competitive is just like dieting -- it pays off eventually. Just because the troika is leaving doesn't mean that we can let up on necessary reforms. In fact, if anything, we need to ramp up the pace of those reforms, especially those that make us more competitive.

The priority now must be the twin objective of increasing domestic economic activity and job creation. The troika exit must not be followed by administrative complacency and inertia. That's why the Government will publish a medium-term economic strategy to replace the memorandum of understanding.

Everything must be done to make it easier to do business with the State. A new offensive on reducing red tape and cutting through the barriers that stop businesses from employing more people is needed.

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