Business hails ‘responsible and prudent budget’

IRISH business broadly welcomed yesterday’s 2008 Budget, describing it as a measured response to the changed economic circumstances facing the country and the economy.

Turlough O’Sullivan, director general of the employers’ body IBEC said: “This is a responsible and prudent budget. The right thing to do now is to maintain the delivery of the National Development Plan in its entirety and to substantially rein in day-to-day spending by government.

“The budget does this. The Irish economy is fundamentally sound. As it rebalances, it is especially important that businesses in Ireland can sell their goods and services overseas.”