Updated economic statement
Burton requests an updated economic statement after Brexit-related developments and new economic data; the Taoiseach says the matter will be considered through committees or the House.
Will the Taoiseach agree to publish an updated economic statement between 7 September and 10 September? The data released yesterday along with the census data to be released tomorrow mean that the Summer Economic Statement as printed is not only inadequate because it was predicated on a "Remain" vote winning in the UK, but we now have the extraordinary new data and size measurements for the Irish economy. It makes it impossible to do the new politics in which we are meant to get information on a timely basis from which we can make economic decisions. I am not asking for it to be done next week, but if we could have it sometime around 10 September, the July and August figures would be incorporated and it might then be a serious measurement? It would also give the CSO time to look at the real size of the Irish economy.
Comment on this
This morning the Cabinet approved the publication by the Minister for Public Expenditure and Reform of expenditure trends at mid-summer. These will be dealt with by the sectoral committees in early September. As the discussion about Brexit develops, the situation pertaining to sterling and the outcome of yesterday's CSO figures will lead to that discussion taking place. I will bear it in mind and make arrangements with the Ministers for Finance, and Public Expenditure and Reform that it be dealt with either through the sectoral committees or here in the House when the opportunity presents itself.