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Don't Kill the Patient - surgery not butchery - Labour's Plan for Stability and Growth

Posted on February 03, 2011 at 01:52 PM


"Labour's budget plans will achieve stability while leaving room for jobs and growth," the Labour Leader Eamon Gilmore said at the launch of our latest policy document Labour's Plan for Stability and Growth.

Listen!

"Fianna Fáil and Fine Gael are committed to the budget plans in the IMF/EU deal, which pose an excessive risk to Ireland's chance of recovery. They are comfortable with the Celtic Tory Consensus that embraces austerity, at any price.

Labour is clear on the need to bring down the deficit, but the Irish economy needs surgery, not butchery. What Fine Gael and Fianna Fáil want to do is high risk and could kill the patient."

Along with Finance Spokesperson Joan Burton, he vowed to renegotiate the EU/IMF deal. "In macroeconomic terms, we propose an adjustment of €7billion, which will bring the deficit down to 4.8% by 2014. The target date for achieving the 3% deficit must be extended to 2016. This will allow the economy room to recover and create jobs. "

"Labour favours a fairer balance in the way economies are achieved, so as to ensure resources are available to drive jobs growth. The measures we are proposing are based on an even split between tax increases and spending cuts.

"Labour is committed to public service reform, precisely because we believe in public service. Our plans are based on a drive to cut out wasteful spending, while protecting the quality of frontline services."

You can download our latest document Labour's Plan for Stability and Growth from our policy section, Eamon's statement is available in our media centre and photographs from the launch are available on Flickr.

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