61% of businesses think Budget 2025 will support their strategic priorities [Video]

Three in five (61%) business leaders believe that Budget 2025 will support them achieve strategic priorities and pressing business challenges over the next 12 months, a survey by the Irish Management Institute (IMI) has found.

Four in 10 (39%) decision-makers makers believe that the Budget will have no significant impact on their capacity to manage change next year.

A number of tax measures and supports for businesses were introduced by the government, including a €170m energy subsidy scheme for hospitality and retail businesses and an increase in the registration threshold for VAT.

Respondents identified attracting and retaining talent as the most critical leadership challenge over the next 12 months as the labour market remains tight.

Keeping pace with innovation is another challenge for 78% of organisations as the AI transformation accelerates.

Findings revealed that more than 4 in 5 (83%) of leaders believe that attracting high calibre talent will remain difficult over the coming months.

To …