Monday 23 April 2018

Entrepreneurs not buying into new Government, yet


THE Government is barely five months in office but it has already managed to rub one in three Irish businesses up the wrong way. Almost a third of business leaders are dissatisfied with the Government, the Sunday Independent Business Owners survey has found. Only one in four business owners said they were happy with the Government's performance, while just less than half said they were undecided.

The latest unemployment figures -- which show that unemployment has risen slightly and the dole queue is already over 470,000 people long -- is likely to heighten dissatisfaction among company owners. So, too, will the latest Exchequer figures, which show that VAT returns for the seven months to July -- a measure of the strength of demand in the domestic economy -- are down on the same period during 2010.

"While anything would have been better than the previous government, the new Government set an unrealistic timetable of 100 days for change and the reality is that nothing meaningful could happen in such a short time," said Mark Fielding, chief executive of the Irish Small and Medium Enterprises Association (ISME). "People are understandably annoyed that they haven't delivered."

Entrepreneurs also seem less than enamoured with the choice of current candidates in the presidential election, with 40 per cent of those surveyed saying they were unsure of who they would vote for in the race for the Aras.

Until the dramatic announcement on Thursday that he was pulling out of the race, Senator David Norris was the favourite.

In the Trinity senator's absence, it's a three-way tie between Gay Mitchell, Sean Gallagher and Labour's Michael D Higgins. Mary Davis got least of the pick of the business owners' votes.

Sunday Indo Business

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