advertisement

McGrath says failure to cut VAT rate will cost jobs

Date:

Share:

The Enterprise Minister is dismissing claims he failed the hospitality sector, after the government decided not to reinstate the 9% VAT rate.

The Restaurants Association has criticised the budget decision, saying over a thousand businesses could close over the next year as a result.

- Advertisement -

It’s also described a €4,000 grant for businesses as “chicken feed”.

Minister Peter Burke thinks the government made the right decisions.

However Deputy Mattie McGrath says Budget 2025 has put increased pressure on the hospitality sector.

The Independent TD told Tipp Today the failure to cut the VAT rate to 9% will lead to reduced hours and even jobs losses in Tipperary.

“Majorly disappointed with the tourism and hospitality sector – as you know they employ 270,000 people. We could have split it – and they (the Government) say they can’t – a VAT rate for the rural rather than inside the M50 because they’re on their knees. Such a valuable industry – they tell me now they’re going to go on short time wages which would cost the economy a fortune because people are only working two days a week and would have to be subvented by the taxpayer so that’s a major disappointment.”

advertisement

Tipperary woman honoured by Munster GAA

One of the main meeting rooms in Áras Mumham was renamed in honour...

Three Tipp schools in Harty Cup action this afternoon

The knockout stages of the Harty Cup get underway today. Three Tipperary teams are...

Clonmel Racecourse meeting comes to a conclusion

The final meeting of the year at Clonmel racecourse has come to...

Big wins for Presentation Thurles & Our Lady’s Templemore in...

Presentation Secondary School Thurles are into the Munster Senior A schools camogie semi-final. That's...
advertisement

Ar An Lá Seo 4-12-24

Fáilte ar ais chuig eagrán nua de Ar An Lá Seo ar an...

Tipp Today Full Show 031224

On Tuesday's Tipp Today, Fran spoke to Cllr Jim Ryan following his general...

Interiors with Karen – Christmas Decorating 031224

Our Interiors Expert Karen Prendergast with tips and advice on how to decorate...
advertisement