Commercial failure by Government

This Government’s decision to renege on their programme for government policy to allow commercial tenants market rents, was the worst economic decision since the bank guarantee.

It has ensured the destruction of tens of thousands of sustainable Irish businesses and jobs and the creation of a damaging two-tier commercial rental market.

The Government have aligned themselves with the commercial property cartel to ensure the Irish commercial property market will not recover and this will further damage the Irish economy. Any cost/benefit analysis would clearly show the error of this decision.

The Government still believe the propaganda of the property industry, the exact crew who wrecked the country. The economic logic is — if you massively over-rent commercial tenants until you destroy their businesses and jobs this will help the Irish property market and increase the value of Irish property.

This is one of a hat-trick of disastrous Irish Government decisions: the first was to allow the creation of the greatest property bubble of all times; the second to guarantee all Irish banks liabilities; and the third to allow all commercial tenants to be bled dry by massive over-renting using ruinous Irish commercial lease law.

John Corcoran


Co Dublin

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