Chambers Ireland blames VAT for fall in retail sales

Chambers Ireland has today said that the latest data showed the negative effects of the rise in VAT in Budget 2012.

Chambers Ireland has today blamed last's month's decline in retail sales on the negative effects of the rise in VAT in Budget 2012.

CSO figures released today showed that the volume of retail sales declined by 1.5% in April 2012 when compared with March 2012, with an annual decrease of 2.7%.