« BackKerry Labour TD says improved economy will allow for tax easing

Kerry Labour TD Arthur Spring says the latest GDP figures show the economy is growing in a sustainable way.

The latest figures from the CSO show economic growth is 6.7% higher than it was this time last year.

He says importantly the figures also show that both multinational companies and Irish-owned companies are contributing to the economic growth.

Deputy Spring says because the economy has improved, the government has more room in the budget to invest in essential public services and ease taxes on low and middle income families.

Deputy Arthur Spring

Deputy Spring particularly urges a focus on the phased removal of the universal social charge (USC).

The Kerry North West Limerick TD also says new car registrations in Kerry have also surged ahead this year with fresh data showing an increase of 36.53% in cars being registered locally.

Data from Motorstats, the official statistics body of the Irish motor industry, shows that from January to the end of August this year 2,534 cars were registered in Kerry.

This compares to 1,856 during the same period last year.

In other positive news Deputy Spring says the increase in Kerry start-ups is an indication of the continued up-turn in the economy.

Nationally over 3,000 business start-ups were formed in August, an average of 114 a day.

There were 21 new start-ups in Kerry last month.

The Labour deputy also says insolvencies across the country have slowed to a trickle, and there were no insolvencies in Kerry last month.