Wednesday 22 November 2017

Time to cut red tape

Yesterday's announcement from Tesco that it would create more than 500 jobs over the next 12 months, which will see the supermarket giant open four new superstores and seven smaller 'express' stores, is a welcome vote of confidence in the Irish economy.

While the jobs created by Tesco will be at least partially offset by job losses in smaller, independent stores, the announcement is still good news. If a company of Tesco's size and quality still sees opportunities in Ireland then things can't be all that bad.

Inevitably, the Tesco announcement raised the issue of its purchases from Irish suppliers. This issue is something of a hardy annual for politicians of all parties. Speaking at yesterday's announcement, Jobs and Enterprise Minister Richard Bruton urged Tesco to open its shelves to small Irish producers. Maybe Mr Bruton and his cabinet colleagues should practice what they preach.

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