IBEC proposes a detailed package of measures in Budget 2001 which would give real gains to all employees, assist those on fixed incomes and would help to keep Irish business competitive.
Stability underpinned by the national partnership pay deal is under threat.
A stable and relatively certain business environment has been a key factor in Ireland's success. This year's Budget will be critical in overcoming current difficulties without compromising medium term stability and growth. There is otherwise a great danger of cost overshooting which would cause a serious loss of competitiveness. The complementarity of PAY and TAX commitments in the PPF and its predecessor agreements is too frequently ignored. Ireland is currently experiencing very high growth and virtually full employment that must not be taken for granted.