Thursday August 6, 2020

Domini Kemp: Tepid package is not what we need

Among the things that would help businesses are access to grants, a Vat rate reduction to 5 per cent and a safe return to school and work. But will we get them?

26th July, 2020
Domini Kemp, chef, food writer and entrepreneur: ‘The vast majority of businesses are now completely unviable without the wage subsidy scheme.’ Photo: Fergal Phillips

This stimulus package feels weak and tepid. It is moving Ireland closer to an economy fuelled by political intentions rather than business sense.

Vat on food should have been reduced from 13.5 per cent to 5 per cent, as it has been in Britain. Knocking 2 per cent off the top rate of Vat is meaningless. Offering a 20 per cent rebate to those who go on holiday in Ireland seems like a Late Late...

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