The Chair of Clare VFI claims it’s shortsighted of the Government to “hammer” the hospitality sector at this stage, after pumping millions into the industry to save businesses during the pandemic.
It comes amid concern that more and more businesses are being forced to cut back or close their doors permanently over rising costs.
The CSO says inflation continues to happen in the Irish economy, with the biggest increases in housing, energy and transport.
In its latest report, it says prices are now 8.2% higher, on average, than the same time last year, with at least 5% inflation every month.
One restaurateur went viral last week for saying he’d have to raise the cost of pint to €20 and the cost of a steak to €70 to turn a profit.
The Chair of Clare VFI has warned that many in the businesses in the sector are having to asses on a daily and weekly basis whether they should cut back or close down.
Charlie O’Meara has accused the Government of being shortsighted in failing to support businesses at this time.
An Ennis restaurateur says businesses in the hospitality sector are caught in the middle of a perfect storm and has warned the only way to weather it is with supports.
Frank Landy of Sweet ‘n’ Green says business outside of the capital shouldn’t be punished for price-gouging over the summer.
He says the loss of businesses in the industry will have widespread consequences.
Listen to the full interview here:
