Cork Chamber calls for investment over tax cuts

The Government must use Budget 2017 to make up for years of underinvestment by prioritising capital investment over tax cuts, according to Cork Chamber of Commerce.

Setting its stall out ahead of October’s budget, the chamber is advocating accelerated investment in the country’s infrastructure and workers over tax cuts or current spending increases — as favoured by a majority of its members (71%).

“The priority of Budget 2017 must be to focus on investing in our social and capital infrastructure so that we can successfully protect our level of economic growth, start to catch up on years of underinvestment and to provide a sustainable competitive country-wide Irish economy into the future,” said Cork Chamber president Barrie O’Connell.