29 April 2013

'Protect green shoots' call from motor trade boss

Public 'need to be given confidence to spend'People are starting to see the bottom of the recession, a leading motor industry boss says, but there'll be no growth until the Government gives them confidence to spend, writes Brian Byrne.

Paddy Murphy, MD of Advance Pitstop, says there are 'green shoots' visible. "But we don't need another frost that that will kill them. The Goovernment is going to have to put fertiliser on the shoots, instead of taking off the frost cover."

Murphy, formerly general manager of Continental Ireland and now heading up the company's main retail outlet here, says people will spend the money they should do on such matters of car maintenance and replacement, 'if they know that they can save to replace that money without having it taken off them in more taxes'.

"At this moment, the Government is focused on one area, cutting costs. There are a load of businesses out there who will tell you that you can't grow from cuts. You can restructure, but eventually you've got to invest to grow."

The Advance Pitstop boss says bluntly that it's a lesson 'the Government hasn't learned yet'.