Saturday December 14, 2019

Cost of doing business as an SME needs to come down

The government needs to do more on behalf of firms who are being squeezed by crippling overheads, writes Neil McDonnell

1st December, 2019

Given the number of foreign multinationals (FMCs) in Ireland, and the persistent 35 per cent gap between public- and private-sector pay, it is a real achievement that SMEs manage to employ more than 70 per cent of the Irish workforce.

However, the big issue for small business in Ireland is that business costs are not being reduced. Ireland is consistently the most expensive country in the eurozone, and the second-most expensive country in the EU. Considering the...

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