Taoiseach Leo Varadkar has given the strongest indication to date that the reduced VAT rate on hospitality, excise cuts on petrol and diesel, and tax reductions on electricity and gas will be phased out.
Speaking in Limerick today, he said: “Inflation is slowing down, but the cost-of-living remains very high and is putting a lot of families and businesses under pressure.
“This proposed increase in VAT from 9% to 13.5% will just reduce the spending power of customers and potentially drive inflation and lead to job losses,” he said.
Source: rte.ie
