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McNamara concerned lockdown favoured multinationals over small business

CONCERN has been raised by the Chairperson of the Covid-19 Committee that restrictions associated with the coronavirus have disproportionately impacted on small business and driven economic activity “into the hands of multinationals”. Deputy Michael McNamara made his remarks this week as the committee heard from representatives of the business sector. The Scariff-based deputy handed over the chairperson’s role to Deputy Mary Butler, in order to question witnesses Danny McCoy of IBEC and Neil McDonnell of ISME. He noted that a concerning trend during lockdown had been a boost in business for multinationals at the expense of small business. “One of the most worrying economic or financial aspects of the restrictions was the extent to which all economic activity was driven into the hands of multinationals, many of which are headquartered outside of Ireland and pay their taxes elsewhere,” he told the committee. “Farmers’ markets, for example, were inexplicably shut down and people had to go to supermarkets, all of which …

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