Friday 19 January 2018

Party sets out its vision for the road ahead

The key points of Labour's election manifesto include:

  • Renegotiate the IMF-EU bailout deal to get a lower interest rate and make bank bondholders take losses.
  • Take an extra year to reduce the €19bn public finances deficit to 3pc of national income.
  • Cut less from the budget (€7bn compared with €9bn for Fine Gael and Fianna Fail) and hope that economic growth will fill the gap instead.
  • Spend €500m on a jobs fund.
  • Set up a work experience scheme for 30,000 graduates and apprentices.
  • Suspend PRSI payments for employers for 18 months when they hire people who were on the dole.
  • Abolish the Seanad.
  • Make ministers and civil servants legally accountable for their decisions.
  • Make farmers more productive by developing farm co-ops with shared land and profits.

Irish Independent

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