We must plan to stimulate industry recovery after the crisis

While the wage subsidy scheme and refund and credit initiatives are welcome, businesses will need help to heal in the longer term

12th April, 2020
We must plan to stimulate industry recovery after the crisis
The take-up of the Wage Subsidy Scheme seems to have stalled. For lower paid workers, the pandemic unemployment payment may be a better fit. Picture: PA

In many successful businesses, the Revenue is one of the largest creditors. It’s no surprise, therefore, that most of the government’s emergency reliefs for businesses are being channelled through the tax collection system.

Ireland is not the only country taking this route to get funds into cash-starved industry. The likes of Britain, Canada, Australia and New Zealand have introduced assistance and supports very similar to the Irish wage subsidy scheme. Some...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Almost one in ten Pup recipients were ineligible, Public Accounts Committee to hear

Taoiseach promises a ‘comprehensive’ plan to roll out vaccines for children

Analysis: Case numbers high as vaccines for children approved and booster rollout slows

Firms seek full Covid supports as Varadkar says new curbs are ‘peculiar’