Economic Policy

This Conference unreservedly condemns the disastrous consequences of the previous Fianna Fail/Green Party coalition Government's fiscal austerity and failed banking policies. Conference also condemns the economic privations being visited on Northern Ireland by the slash and cut policies of the new Thatcherite Con-Dem coalition in the Conference further notes that the resolution of the economic and banking crisis in both jurisdictions in Ireland revolves around the following principles: A sustained and substantial investment drive to create employment, promote growth and raise economic productivity. Resisting pay cuts in both the private and public sector. An end to fiscal austerity and opposition to any further cuts in the overall level of current public expenditure. Driving fiscal consolidation, in the first instance, by new and increased tax measures on the income and wealth holdings of the highest income earners, including the corporate and capital income sectors. A significant transfer of income from top earners to those on low incomes and low-pay. An expansion of public services as a means to economic growth and increased living standards. Therefore, Conference calls on the incoming Executive to:Intensify the contributions of the trade union movement to the economic debate. To work with other trade unions and progressive social and community organisations to build the broadest possible consensus based on these principles. Bring all the pressure possible on the new ROI Government and the Assembly in NI - both industrially and politically - to engage with the principles that inform the trade union movement's proposals regarding economic growth and fiscal stability.