The chief executive of Ibec has said the Government will have to make hard choices as the economy re-opens, but said it is important that there will be no cliff-edge in the reduction of Covid supports, but a tapering off.

Speaking on News at One, Danny McCoy said he believes once the Government co-ordinate the recovery plan correctly, the country will be able to restore the economy "fairly quickly into 2022".

He said the task will be to taper off supports more generally, particularly in the construction and experience economy, while ensuring other sectors get intervention right through the winter.

Mr McCoy said that the hospitality and its wider sub-supply chain will need longer-term supports, and industries including aviation and international tourism should be in a "watch zone".

He said it will make sense for the reduction in welfare supports to target specific conditions, including a step-back approach for the wage subsidy scheme.

Mr McCoy said that deficits that exist are matched by surpluses in the households.

He said it would be realistic for business to plan for a reduction in Government supports from August.

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He said if seasonal roles in pubs and hospitality are filled by students, it would work well for them to organise recruitment while knowing welfare supports will be reduced coming into the autumn.

Mr McCoy has said a model of training and some welfare supports for those left unemployed will be needed and they will need support going forward where businesses do not re-open.

"It's a big challenge this opening up, but a positive one," the Ibec chief stated.