Cutbacks will see 140,000 fewer jobs created, claims Bruton

THE revised infrastructure investment plan has been slated for being too severe and failing to hold the innovation necessary to stimulate the economy.

Opposition parties said the cutbacks amount to a 45% drop on the scale of commitments in the existing national development plan. Also, the renewed priorities were not suitable for creating the maximum amount of jobs.

Fine Gael launched a volley of criticism on the plan. Enterprise spokesman Richard Bruton said that, based on ESRI estimates, the cutbacks will result in 140,000 fewer jobs being created by 2016.