I was at the launch of George Lee's 5 point plan this evening held upstairs in the Goat Grill.
In attendance were Olivia Mitchell, Alan Shatter & Brian Hayes.
I wanted a chance to meet George Lee so I went along, I spoke with him briefly, shook his hand, and listened intently. Imho, he is certainly a man of conviction, believes in himself and what he is doing and the party he is working with.
He kicked off with a 15 minute rousing speech which really served to reinforce his conviction in what he was doing. Then he moved on to a 25 minute speech on his 5 points to save the economy. These were as follows:
i) He proposed that the Government of the day should use the average €11,000 that someone in receipt of jobseekers allowance and/or benefit as a subsidy for firms to employ the many thousands of people who are currently unemployed.
ii) He proposed that we should use 10% of the €70 billion that Irish people have invested in pension funds over a three year period to invest in Irish firms and/ or projects. He mentioned that only 3.5% (€2.5 billion) of the Irish pension fund pot was invested in Ireland so this would not be a big ask in difficult times.
iii) He proposed that union negotiations held with the Government should be held 'in camera'. He went on to say that the Unions took too much (or were given too much) when the good times were around and they should be the first to step up to the plate to make a positive contribution
iv) He proposed a taskforce put in place to determine why Irish prices are so much higher than the rest of Europe.
v) He proposed that stamp duty be cut to 2% across the board immediately for a 2 or 3 year period.
What do you think?



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