Hospitality body reiterates call for Vat cut, but not for all

The RAI estimated that between 400 and 500 more business could be forced to shutter this year. 

Two separate reports showed insolvencies are set to rebound to levels recorded before the pandemic, driven by business failures in the hospitality and retail sectors.

Simon Harris is poised to become the country’s youngest ever Taoiseach, following his successful Fine Gael leadership bid after no one else contested. However, he is set to steer his party into a general election in the near future that will be marred by chronic issues from housing shortages to capacity constraints in health.

The Government may be searching for some easy wins that could pull favour with voters in the coming months, and tackling challenges facing hospitality could provide some gains.