Another potential budget blow for indigenous business
The government are forever telling us they are taking steps to create jobs. We are still waiting to see the evidence, unless of course you count the dole queue dropping by only 20,000 after 300,000 have emigrated.
So here we have a preview into the budget of another one of their job creation steps… cutting entitlement to statutory sick pay for the first 6 days as the Irish Examiner reveals. This will put employers of small and medium sized businesses (who make up the vast majority of all employment in Ireland) in a difficult position. Do the feel obliged to pay the additional 3 days when they have no obligation to do so, or do they refuse.
Imagine the problems this will cause firstly for their employees, and what this will add to the cost of doing business in an already flat lining small business sector. We see multinationals having tax deals thrown at them while they take their taxable profits abroad. We see them close up when margins get tighter leaving a town full of skilled unemployed people and then returning with more financial help from the government in a few years time when the profitability is better.
The homegrown business sector however, the SMEs that the government like to assure us they are right behind, are getting no help on a whole range of issues including rates, upward only rents and now this. Many SMEs are simply deciding to close because there is no benefit to them continuing to trade when the margins are heading into the negative. What’s more as a self employed person the trader/employer has no entitlement to welfare should their business be forced into liquidation by ever increasing costs.
It would appear that Enda’s government are actively trying to squeeze out indigenous business in favour of multinational companies. The evidence is mounting.
Let’s see if the government means what it says