The Chair of Dundalk Town Council, Marianne Butler and the President of Dundalk Chamber of Commerce, Paddy Malone reacted this week to reports that the Government are planning on increasing the top rate of VAT by 2% brining it up to 23%.
Paddy Malone commented that, “The border region is recovering from the mistake a number of years ago of allowing UK VAT rates and ours to diverge by 6%. The consequences to the town were obvious to all. The new proposal would see this difference rise from 1% to 3%. The impact of a 2% difference would mean more people shopping in the North and would immediately seriously impact trade in Dundalk, the long term concern would be the loss of jobs in the town’s retail sector.”
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- Download: Joint Press Release from Paddy Malone and Marianne Butler.pdf (pdf / 24 KB)