Hundreds more retailers will go out of business and thousands of jobs will be lost because of the government’s failure to cut the rate of Vat, according to a retail representative group.
Retail Excellence Ireland had lobbied for a cut in the Vat rate in last week’s supplementary budget, but the rate was not changed.
David Fitzsimons, chief executive of Retail Excellence Ireland, said that a 6.5 per cent decrease in...
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