Jean discussed critical issues facing Irish retail and hospitality businesses following the recent budget announcements.
Key points from Jean’s interview:
🚨 Retail Excellence had sought VAT rate cuts to offset rising wage costs
🚨 Many retailers and small SMEs, are operating in the red
🚨 Concerns about a potential 12% minimum wage increase without VAT relief
🚨The new €4,000 energy subsidy, whilst welcome, only offsets costs for about one full-time minimum wage employee
You can listen to the full interview below –