ISME welcomes jobs initiative

ISME welcomes jobs initiative

Business lobby group ISME has welcomed the measures announced in the Government’s jobs’ initiative, but warned that what was "urgently needed was a comprehensive economic plan which addressed the Government deficit, the total cost base and the banking crisis".

ISME said that "we cannot lose sight of the fact that, as a country, we are borrowing for day to day expenditure and credit starved SME employers will only be in a position to increase employment when their cost base has reduced and banks begin to lend normally".

The association welcomed the cut to a VAT rate of 9% for certain services in the tourism sector, including hotels and restaurants, and added that the changes in the travel tax together "should assist domestic trading companies, particularly those involved in the tourism sector".

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