Lenihan urged to reverse VAT rise
The call was made after it was announced the rate of VAT would be reduced in Britain resulting in a fall in the price of consumer products and an increase in the number of people travelling across the border to shop.
This will lead to a 6.5% difference in VAT between Britain and Ireland something that will “hasten the stampede of shoppers” to the north, according to Labour party finance spokeswoman Joan Burton.
