Tom McGuinness, of Horseware Ireland and pal

Why not make it simple? So if you give a decent tax credit, that will cause cash to go into the system. If you start trying to subsidise childcare, that gets very complicated. Well who do you subsidise? What hoops do you make them jump through? Then you have to have a whole new sector of public servants to monitor it and so half the money goes into the big black hole.

Why don’t they give tax credits for creches… that’s not going to create a property bubble and, you know, it can be ring fenced for 5 years and then the benefit could be extended for 10 years and then that’s the end of it. Isn’t that a simple idea? Isn’t that like a sensible idea? It’s logic. Simple common sense.

Tom McGuinness, who employs 170 staff – mostly female – at Horseware Ireland in Dundalk, Co. Louth, speaking to journalist Emma McNamara on RTÉ One’s News At One earlier.

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