NEWS Ibec encourages “strategic budget”
Ibec, the group representing Irish businesses, has stated that Budget 2025 should adopt a strategic focus beyond short term election focus to ensure that the economy can cope as global uncertainty Danny McCoy, Ibec’s chief executive, said: “Budget 2025 needs to have a two-pronged approach: one that reassures our domestic businesses in terms of long-term support and also repositions Ireland to capitalise on the next wave of inward investment through our “The Irish economy has emerged stronger
However, the rise of state-driven competition for investment, increasing geopolitical tensions, and
Mr McCoy said that Ireland will never be able to compete with larger countries when it comes “Now more than ever, we need to be laser-
focused on competing based on our own living standards into the future, we must use this pre-election budget to look past short-term gains “This will be achieved through a budget that addresses strategic issues, rather than distributing handouts that end up spreading the pot too competitiveness of business; substantially increase
investment in upskilling and follow through on the commitment to unlock the National Training Fund’; address our energy competitiveness challenges; and adopt a more strategic playbook to ensure that Ireland can continue to compete
PMI data shows Irish manufacturing activity stable in May
Ireland’s manufacturing sector steadied last month after contracting in
13,000+ people undertake digital skills upskilling with Skillnet Ireland
Each year Skillnet Ireland provides digital upskilling supports to more than 13,000 people in businesses, through the delivery of cutting-edge Skillnet Ireland and its technology networks have developed a wide
range of academic programmes in partnership with enterprise in areas Through 70 Skillnet Business Networks, and national initiatives – and MentorsWork – Skillnet Ireland works with businesses in each industry sector and region across Ireland, putting enterprise in control of
in partnership with industry and the tertiary sector, Skillnet Ireland is continuing to develop the key digitalisation supports needed to ensure businesses can stay ahead of the curve, embrace the digital transition, and “Our highly skilled workforce is what gives us our competitive edge in
4 June 2024 Irish Manufacturing
www.irish-manufacturing.com
Respondents to the survey said economic conditions continued to be sluggish, with demand from domestic and international customers Still, production volumes and incoming new work only fell marginally, evidence that weaker demand from key trading partners, including the UK,
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