CEO of Co Kildare Chamber says businesses 'will be pleased' with today's budget

Speaking following the delivery of today's budget,  Allan Shine, Chief Executive of Kildare Chamber, said: "Overall businesses will be pleased with the thrust of measures announced which should bolster Ireland’s response to Brexit while enabling increased and sustainable growth and investment. However, the practicality of how these initiatives are delivered upon will be crucial."

He said that County Kildare Chamber has been highlighting how chronic under investment in infrastructure threatens economic growth.

Mr Shine said:"Irish businesses will pleased by many of the measures announced, including commitments to resource State agencies at home and abroad, the introduction of an Export Working Capital loan scheme, the Key Employee Engagement Programme and increased investment in childcare."

He said: "We are pleased to see the 9% Hospitality/Tourism VAT rate remain.  Kildare businesses still face many challenges in this sector especially with a decline in UK visitors this year and the uncertainty in regards to Brexit. Irish businesses will pleased by many of the measures announced, including commitments to resource State agencies at home and abroad, the introduction of an Export Working Capital loan scheme, the Key Employee Engagement Programme and increased investment in childcare.The slow pace of delivery on tax equity for the self-employed and the failure to make any changes to our CGT regime may pose a threat to our competitiveness and must be considered for action next year. In relation to the National Training Fund levy increase, businesses must have a strong role to play in ensuring that this is spent in a relevant manner which is beneficial to SMEs, particularly as Brexit looms on the horizon.Long term planning, stability and opportunity for growth in the face of global threats are the key takeaways today from the Government’s plans for 2018 and beyond”.