Adrian Cummins from the Restaurants Association of Ireland explains why 1000 more restaurants will close if the VAT rate is not reduced

Adrian Cummins, Chief Executive of the Restaurants Association of Ireland, joins Karl Fitzpatrick, to explain how there has been 600 closures of food-led businesses since the reintroduction of the 13% VAT rate for hospitality businesses, the eroding margins which restaurants are faced with and why the failure to reduce the VAT rate to 9% and increasing the minimum wage in next week’s Budget could lead to a further 1000 closures.#KarlFitzpatrick #businessmatters #irishbusiness #irishbusinessnews #businessnews #entrepreneurkarlfitzpatrick.ie Hosted on Acast. See acast.com/privacy for more information.