Energy costs a big threat to many firms, Ibec warns

The body said some businesses will see their energy bills rise this year by between four and five times the level they paid last year, Fergal O'Brien, Ibec's director of lobbying and influence, said.

"And we are also concerned about the additional network charges that have now been shifted onto the business sector," he stated. Fiscal policy would have to play a much more significant role in dealing with the current situation, Mr O'Brien said. Mr O'Brien said Ibec's members will be keeping a close eye on the outcome of the public sector pay talks because it would be incredibly important when it comes to private sector expectations.

Among the budget measures that the organisation has suggested is use of the money in the National Training Fund to assist SMEs that are struggling with energy costs, through breaks on the payment of the levy that pays for the fund or rebates via vouchers for the most hardest hit. €400m in investment is also needed in education, skills, childcare, research and innovation next year to maintain Ireland as an attractive location for talent, it said.

Thanks EU. 🇪🇺 And the Greens.

Happiness is on the way!! Hold tight folks

This will wipe out pubs and restaurants but hey, keep waving your wee Ukraine flag and “stickin’ it to pootin”. Mugs.

👁

It's a manufactured crisis to bring in corporate colonial control.

All planned of course

Hmmm

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