Ireland business politics

IBEC calls for €15 billion in extra support in Covid recovery plan

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The employers' group IBEC has launched a recovery plan for the economy which calls for a future government to commit a further €15 billion in supports and investments.

The plan calls for the economic and fiscal response to the Covid-19 crisis to match the scale of the downturn it will create.

It calls for debt write-offs for businesses, cash grants for social-distancing investments, extended exemptions from commercial rates and the return of the 9% VAT rate for the hospitality sector.

It goes further to recommend that some of the projects in the National Development Plan should be brought forward and that an additional €25bn should be invested in transport and energy projects.

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