Costs are out of control, says study

THE cost of doing business in Ireland is spiralling out of control, according to a new survey from employers’ group IBEC.

The survey, published today, found that insurance costs for Irish businesses have doubled over the last two years and that overall business costs are rising at three times the rate of inflation.

IBEC said increasing costs were crippling the economy and failure to tackle costs would threaten jobs and make Ireland unattractive for foreign investment.