Labour leader launches paper on economy

LABOUR Party Leader Pat Rabbitte will today unveil what is being described as a major policy paper outlining his alternative blueprint for the future of the Irish economy.

Labour leader launches paper on economy

Mr Rabbitte has chosen the highly symbolic location of the Sheriff Street Youth Club to launch the ‘Fair Economy’ paper.

It outlines the principles and frameworks of Labour’s economic policies and will, according to party sources, provide the economic basis for Mr Rabbitte’s ‘Fair Society’, first outlined during his party’s national conference in May 2003.

The Youth Club is in the heart of the North Inner City, a working-class area that has suffered disproportionately from various drug epidemics over the years. More significantly, it is located only yards from the Irish Financial Services Centre (IFSC), the most visible manifestation of Ireland’s economic prosperity.

The document will challenge the views expressed by Justice Minister Michael McDowell, outgoing Finance Minister Charlie McCreevy and other members of the Cabinet about the development of the economy in recent times.

“It outlines the broad building blocks on which economic policy will be built,” according to a Labour Party spokesperson.

In fact, the paper will form part of the book that Pat Rabbitte is writing encapsulating his own political history in addition to his views, philosophy and outlook. The book is expected to be published towards the end of this year, or early in 2005.

Meanwhile, a Fianna Fáil minister has also chosen a symbolic location to launch a new housing initiative this morning.

Noel Ahern, the Junior Minister for Housing & Urban Renewal, will be in the Killinardin Estate in Tallaght to announce a new investment programme in local authority housing which he says will benefit 45,000 families.

Mr Ahern will visit residents of Killinardin to meet with beneficiaries of the investment and to inspect works being undertaken in the new programme.

Politically, Killinardin is best known for hosting a Sinn Féin Árd Fheis in the late 1990s.

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