Sunday 22 July 2018

'Morally indefensible' - Union leader condemns Budget 2018

Siptu leader Jack O’Connor, Photo: Tony Gavin
Siptu leader Jack O’Connor, Photo: Tony Gavin

Industry Correspondent

THE leader of the country's largest union has described the Budget as a "slick piece of political presentation" that is "morally indefensible".

Siptu President Jack O'Connor said that Fine Gael and Fianna Fáil, backed by a "coterie or right wing independents", have returned to a value system that sparked the economic crash.

He said the parties had the chance to transform "our grossly unequal society" for the first time since the economic collapse of 2008.

"In the midst of a housing and homeless crisis, the government has chosen to deploy €335m on token tax cuts, €461m on continuing the VAT give away to bad employers in the hospitality sector and €1.5bn on a totally unnecessary ‘pet project’ rainy day fund," he said.

He said this amounts to €2.29bn, which could build 12,000 local authority houses that "would actually make a difference".

"On top of that, developers are to be gifted €750 million or 60pc of the cost of constructing 6,000 houses," he said.

Online Editors

Business Newsletter

Read the leading stories from the world of Business.

Also in Business