Parliamentary Search

Early day motion tabled by primary sponsor Lord Wigley (Plaid Cymru), on Thursday, 20 February 1997, in the House of Commons. It is signed by 18 members in total.

IRELAND'S ECONOMIC PERFORMANCE

That this House notes the new OECD figures for 1996, published this month, which show that the GDP of the Irish Republic, at $18,745 per capita, has overtaken that of the United Kingdom, which stands at $18,494 per capita; and congratulates the Irish Republic on its economic achievement.

Amendments

The Early day motion has received an amendment.

IRELAND'S ECONOMIC PERFORMANCE (565A1)
The Early day motion has received an amendment sponsored by Lord Trimble (primary, Ulster Unionist Party) and tabled on Wednesday, 26 February 1997. It has been signed by 4 members in total.
at end add `but notes that in view of the of the sizeable net outflow of resources from the Irish Republic caused interest payments on its large foreign debts and the repatriation of profits, largely created in the Irish Republic by transfer pricing as a means of minimising corporate tax liabilities, gross national product is a more realistic measure; notes that GNP per capitia in the Irish Republic was in 1995 only 80 per cent. of that of the United Kingdom; notes that the 1995 OECD and in 1996 European Commission Reports indicate serious structural flaws in the Republic's economy; further notes that continuing high levels of unemployment in the Irish Republic; and observes that if the Republic's government believes the hyperbole about being a "celtic tiger economy" it should renounce its present status as the European Union's most heavily subsidised country.'.

Secondary information

Type
Early day motion
Reference
565 
565A1 
Session
1996-97
Subjects
Ireland (island) National income
Link
View this Early day motion on www.parliament.uk