The policy of the Labour Party towards business and enterprise is simple. The PL will allow the private sector to thrive and ensure that businessmen will be allowed to carry out their projects.
Dr. Muscat confirmed that all business would be able to continue with their trade without any hindrance from the government. The Leader of the Labour Party held a meeting with members of the Chamber of Commerce on Tuesday afternoon. A question and answer session was included as part of the meeting.
A new government will have to exercise fiscal discipline and there would be no problems in adhering to the Golden Rule and other EU legislation. Joseph Muscat explained that the reduction of the deficit must work hand in hand with an increase of economic activity; hence a new Labour Government would focus on sustainability.
The PL leader said that with current regulations, the state cannot be the sole driving force of the economy. Private initiative should not be discouraged. Joseph Muscat said that a future PL government would strive to reduce bureaucratic procedures in government departments. Thereby the time normally wasted in excessive bureaucracy can be put to a more productive use.
Dr. Muscat also mentioned that Malta lags behind in energy policy and that the country is fully dependent on imported fossil fuels to generate energy. Joseph Muscat confirmed that the PL believes that with a cheaper cost base, the price of utility bills can be reduced. The Labour Party in government would ensure that this is implemented. Dr. Muscat was accompanied by the CEO of the Labour Party, James Piscopo.