IBEC proposes economic reforms

IBEC yesterday launched a report Unlocking Domestic Demand promoting a three-year series of initiatives it believes it could create 25,000 jobs, generate €2.4 billion for the Exchequer and increase domestic economic activity by €6bn.

The ambitious proposals have four main planks:

* Reform of pension rules to allow the unlocking of €20bn in AVCs and personal schemes for investment, creating 3,150 jobs.