Price of pint 'needs to be €20' to make a profit

Businesses will have to either increase prices or close up shop in the months ahead, according to the director of accounting firm BDO Ireland.

Price hikes and more closures in the restaurant sector are imminent, due to the increase in the Vat rate and minimum wage, it has been warned.

According to the director of the accounting firm BDO Ireland, businesses will have to either increase prices or close up shop in the months ahead.