PUBLICANS have warned bars "could close" as the €2.5billon trade faces a "tipping point" due to pint price hikes and an imminent VAT increase.
Diageo, owner of brands such as Guinness, Carlsberg and Rockshore, announced on July 19 it was introducing a 4c plus VAT price increase from yesterday.
It means a 16c hike and publicans and vintners warned of its damaging effects alongside a VAT increase from 9% to 13.5% and ongoing inflationary costs.
Cork Vintners' Federation of Ireland chairperson Michael O'Donovan fears it could mean the last orders for some pubs
This story is from the August 15, 2023 edition of Irish Daily Mirror.
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This story is from the August 15, 2023 edition of Irish Daily Mirror.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
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