With all the votes counted in General Election 2020, Ireland’s political landscape appears dramatically transformed. But the same economic and social challenges remain. A new Government, whatever its party composition, will have to address the urgent need for modern city infrastructure, affordable and well-planned housing, and a strong competitive edge in an increasingly volatile global economy. These are critical priorities for business, for Dublin, and for Irish society at large.
Fianna Fáil and Sinn Féin are now the largest parties in Dáil Éireann, with just one seat between them, while Fine Gael has been relegated to third place. As negotiations to form a Government get under way, Dublin Chamber will be reminding all parties of the commitments they made to us during the election campaign and over the past year.
Addressing Dublin Chamber members three weeks ago, Fianna Fáil Leader Micheál Martin to a 25% Capital Gains Tax rate and adopted Chamber policy on Entrepreneur Relief. His party manifesto also promised to make progress on the DART Underground project in the lifetime of the next Government, a long-time ask of the Chamber. The Green Party has made a similar commitment.
Speaking at a Dublin Chamber event last year, Sinn Féin President Mary Lou McDonald committed to maintaining the 12.5% corporation tax rate which is critical to Ireland’s foreign direct investment strategy, and assured Chamber members that Sinn Féin would be heedful of business concerns.
Ireland’s small open economy model is the foundation of current and future prosperity. Employment has risen by over 400,000 since the low point of the crash, and that recovery was driven by the private sector. Private enterprise generates the wealth needed to pay for badly needed public infrastructure and better public services. Ireland’s ability to plan ahead and provide for our growing population is entirely underpinned by our business-friendly environment.
As parties work to agree a Programme for Government, the business community must use its voice. Dublin Chamber’s General Election Manifesto called for a ‘Decade of Delivery’ to secure a sustainable future for Dublin, and we will continue to promote this agenda.
Please do your own part by contacting your newly elected TDs and voicing support for the Chamber agenda.