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Cabinet to discuss Ireland’s economic recovery plan tomorrow

DUBLIN: Tánaiste Leo Varadkar has said that the publication of a national economic recovery plan will be discussed at the cabinet meeting tomorrow. The meeting will discuss proposals for how to spend the €900 million from the EU recovery fund. Proposals in this regard will be presented by the Minister for Public Expenditure Michael McGrath.

Mr. Varadkar, who is also in charge of the Enterprise department, indicated that the pandemic unemployment payment (PUP), the wage subsidy scheme and the Covid restrictions support scheme (CRSS) will continue.

The Government’s goal, according to the Tánaiste, is to ensure that as many businesses as can survive the pandemic. “My message really today is to Irish business and Irish workers, particularly saying to Irish business, that we’re on your side and the Government has your back,” he said.

Government aims to enable businesses to survive pandemic

Varadkar said that the Government wants to enable as many businesses as possible to survive this difficult time. He said the withdrawal of PUP would be gradual but would not start until people get a chance to return to work. He further stated that things are going as expected, with over 25,000 people coming off the scheme each week.

Nightclubs and live events are not forgotten

Some sectors, such as nightclubs and live events, may not reopen in the coming months, said the Tánaiste. He said the Government understands their disappointment and assures them that they are not forgotten. “We are going to make sure that there are plans for them to open as soon as that is possible in the months ahead,” Varadkar said.

The Tánaiste added: “Our domestic sectors have really struggled. Retail now just reopened, construction is just getting back on its feet. Hospitality is only about to partially reopen.

“And, of course, the travel industry, the entertainment industry and personal services are all just recovering from the best part of the year, being closed. They have needed a lot of financial support.”

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