Dáil Éireann Debate, Wednesday - 10 March 2010
83 Deputy Mary Upton asked the Minister for Finance his views on whether the rent demands by commercial landlords, particularly in the retail sector, undermine efforts to restore competitiveness and pose an ongoing and significant risk to economic recovery; and if he will make a statement on the matter. [11656/10]
Amharc ar fhreagraA key part to restoring sustainable economic growth is an improvement in our competitiveness. In order to compete internationally it is essential that we ensure that all our cost pressures are kept under control. In this regard, domestically-driven costs such as rents must reflect the new economic realities that all in business face. While I have no specific legislative role with regard to commercial rents, what I would like to see is the necessary appropriate price adjustments taking place, thus ensuring that the competitive position of business is improved at all stages.
