Welcome to the Q3 Issue of the Better Dublin Bulletin
With less than a week to go until Budget 2020 is announced, all eyes are on Minister Paschal Donohoe to see what he has in store for the business community.
Our overarching message is the need to prepare Dublin for the challenges that lie ahead in a volatile world. Brexit is rightly at the forefront of business minds at present. But US tax reforms and trade disputes are also a cause for concern. Internal weaknesses, including inadequate infrastructure, high Government debt, underperformance in the indigenous sector, and overreliance on a limited segment of tax receipts, make Ireland’s globalised economy acutely vulnerable to external shocks in a high-risk international environment.
In this context, we are calling on the Government to use Budget 2020 to strengthen the fundamentals of the Irish economy by supporting Irish enterprise, investing in infrastructure and housing, and easing access to labour for scaling firms.’
Your continued feedback is essential in keeping us informed and helping us to shape our message. Please feel free to contact me and my colleagues at firstname.lastname@example.org.
Dublin Chamber’s pre-budget submission is available for you to read here. Our campaign began early in the summer through close engagement with Government officials, and lobbying on a range of specific measure to improve the business environment. Last week, CEO Mary Rose Burke discussed our recommendations at a hearing of the Oireachtas Budgetary Oversight Committee. Her opening statement is available online.
Support for Irish enterprise is at the heart of Dublin Chamber’s agenda. This year we compared the Irish and British tax environments to show that Ireland now lags behind the UK in 12 out of 16 metrics. We have called on Government to work towards a 20% Capital Gains Tax rate for unlisted firms, and suggested a number of more targeted measures that could be taken in 2020. These include changes to Entrepreneur Relief, the Key Employee Engagement Programme, SARP, and the R&D Tax Credit.
Join us on Wednesday 9th October as we welcome PwC's David Keary and Mairead Harbron to discuss Budget 2020 and its implications for you and your business. They will outline key changes and tax planning points, to allow you to maximise opportunities and to ensure the long term success of your business. The event will be an interactive session and our presenters will be delighted to take questions from the floor.
While focused on the future, we ground our work in the challenges facing businesses in the here and now. Housing and infrastructure consistently rank as the biggest priorities for our members. That is why we have been campaigning for Government to invest ambitiously in public transport, fix Dublin’s water supply, and build residential capacity through higher urban density. Investment in infrastructure and housing is a key plank of our pre-budget submission.
The Government’s 10-year capital investment programme contains commitments to some of Dublin Chamber’s key priorities, such as MetroLink. However, there is a real risk that projects like this may be derailed due to an economic downturn or cost overruns in other projects. With this in mind, our submission focuses on practical measures to ensure that the funding is there when the Government needs it.
We have also highlighted the tightening labour market in Dublin. While a good news story in some ways, it poses immediate challenges to scaling businesses and a medium-term risk to competitiveness through wage inflation. For the second year running, we have highlighted the impact of childcare costs on female labour force participation, and suggested ways that this could be improved.
LPT Variation 2019 | Dublin Chamber wishes to highlight a number of concerns with respect to LPT and requests that these be taken into account by Dublin City Council in relation to its annual decision on the LPT variation.
Royal Canal Premium Cycle Route| Dublin Chamber supports of the objective of the Royal Canal Premium Cycle Route Broome Bridge, which will enhance the safety features of the bridge area to making it more accessible to cyclists and pedestrians through the introduction of the contra-flow bus/cycle land, traffic calming measures and signalised crossings.
Park West - Cherry Orchard Draft Local Area Plan| Local Area Plans (LAPs) enable the development of an area to happen in a co-ordinated and sustainable manner and the Chamber agrees that the Park West – Cherry Orchard area is in need of both enhanced development and regeneration.