Malta Chamber Slams Election Proposals As Reckless, Populist & Risking Economic Stability

The Malta Chamber of Commerce, Enterprise and Industry has issued a strong warning over electoral proposals it describes as “reckless” and harmful to long-term economic stability.

In a letter addressed to the Prime Minister and the Leader of the Opposition, President William Spiteri Bailey stressed the Chamber’s role as “the largest employer body representative” and its long-standing commitment to evidence-based policy making.

He stated that “over many years, The Malta Chamber has earned its credibility through consistency, evidence-based positions, and a clear focus on safeguarding Malta’s long-term economic sustainability.”

The Chamber also reiterated that it has “repeatedly and persistently emphasised the need for policies that strengthen productivity, competitiveness, and responsible governance.”

The statement warned that certain electoral proposals, if implemented, “would directly harm the business community and, ultimately, the Maltese economy as a whole.”

It argued that “short-term, politically-driven measures that ignore economic fundamentals” are “not only misguided, they are reckless,” as they risk undermining competitiveness, discouraging investment, and weakening resilience.

Referring to long-term strategy, the Chamber said this approach is “fundamentally at odds with the direction outlined in Vision 2050,” which promotes a “long-term, productivity-driven, and value-focused economic model.” It added that current proposals appear to prioritise “immediate electoral appeal over national interest.”

While reaffirming that it remains “constructive and solutions-oriented,” the Chamber said it “will not hesitate to speak out when proposals are clearly detrimental,” adding that “what is wrong is wrong. What is right is right.”

It concluded by urging political leaders to ensure policies are assessed on feasibility and long-term impact, warning that “populism cannot be allowed to dictate economic policy” and stressing that Malta “cannot afford to get this wrong.”

#MaltaDaily