The new President of Ennis Chamber says consumers ‘cutting their cloth’ due to the rising cost of living is a ‘huge’ concern for businesses across Clare.
Electric Ireland is the latest utility to announce a significant price hike, while concerns have also raised about the potential impact of an auto-enrolment pension scheme on the disposable incomes of low paid workers.
It’s led to fears that increased costs are going to lead to fewer incomings and higher outgoings for small businesses.
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Bank of Ireland’s Colin Ryan, who has been appointed Ennis Chamber President this week, says customers cutting back on discretionary spending is understandable.
