Rising costs ‘threaten job creation and competitiveness’

Any erosion to Ireland’s cost competitiveness could jeopardise job creation, damage living standards and undermine the economic progress of recent years, a new report has found.

The National Competitiveness Council’s (NCC) annual benchmarking report shows that Ireland’s competitiveness has improved significantly in recent years but that recent developments could undo much of the improvements if left unchecked.

NCC chairman, Don Thornhill said the cost of doing in business in Ireland must be contained if growth is to be maintained.