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Small Business Recovery Plan

Small Business Recovery Plan

See link below to the small business recovery plan. This initiative is chaired by John Moran, former secretary general of the Department of Finance and is a platform for developing a national recovery plan for the small business sector. The plan focuses on the key policy interventions that are required to stabilise and recapitalise the small business sector so that employment and economic activity can be restored.

A lot of the thinking behind this plan is based on the principal of getting the flow of money back into the economy. Austerity and raising taxes has the opposite effect. 

The scenario below was sent to me using my home village of Tulsk in Co Roscommon as an example.

It is a slow day in the small Roscommon town of Tulsk, and streets are deserted. Times are tough, everybody is in debt, and everybody is living on credit.

A tourist visiting the area drives through village, stops at the B&B, and lays a €100 on the desk saying he wants to inspect the rooms upstairs to pick one for the night.

As soon as he walks upstairs, the B&B owner grabs the money and runs next door to pay their debt to the butcher.

The butcher takes the €100 and runs down the street to pay their bill with the farmer.

The farmer takes the €100 and heads off to pay his account at the local co-op.

The man at the co-op takes the €100 and runs to pay his debt to the local publican, who has also been facing hard times and has had to offer their goods on credit. The publican rushes to the B&B and pays off their room bill with the owner.

The B&B owner then places the €100 back on the counter so the tourist will not suspect anything.

At that moment he comes down the stairs, states that they have changed their mind, picks up the €100 and leaves.

No one produced anything. No one earned anything… However, the whole of Tulsk is now out of debt and now looks to the future with a lot more optimism.

And that is how a Stimulus package works

Click here to read more. 

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