04/02/2016

Labour Launches 'Standing Up For Jobs' Initiative

The Labour Party has pledged to "deliver a job for everyone who wants one" by 2018.

Labour Leader Joan Burton, and Business and Employment Minister Ged Nash, launched 'Standing up for Jobs', in Drogheda today, 04 February.

The party plans to invest in people through the creation of 50,000 apprenticeships and traineeships and to further increase the minimum wage to a living wage of €11.30 per hour.

• Help companies access the funding they need to grow. Increase the scale of the Strategic Banking Corporation of Ireland’s lending to SMEs and protect the 12.5pc corporation tax rate.

• Increase the funding available for research and development to small companies, and scale up the 15 Technology Centres.

• Better supports for start-ups. Reduce the Capital Gains Tax entrepreneur relief to 15pc and increase its lifetime limit to €10m.

Tánaiste Joan Burton said: "Behind every job is a person or family benefitting from recovery in their own lives. Our plan will ensure a job for everyone who wants one by 2018, and 50,000 new apprenticeships and traineeships to give our young people choice in building great careers."

(CD)

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