Archive for the ‘VAT’ tag
Stimulus?
Dear whoever it was who was a guest on Marian Finucane’s radio show earlier on,
I noted with interest this morning your dismissal of the notion of an economic stimulus to assist the recovery of the Irish economy from recession.
On air you said that the Government had already stimulated the economy by providing extra funds to the public by means of child benefit and other miscellaneous social welfare payments.
The fact that you have worked your way onto national media without being aware that the majority of retail spending is performed by people with medial incomes and who are likely to have higher discretionary expenditure – the exact people hit by VAT increases and income levies in the last budget, and who receive far less social benefits – is well and truly beyond me.
Yours,
Disgruntled soon-to-be licencepayer
Saturday Statement #3
“If a single-percentage drop in retail sales is enough to wipe out so many high street retailers, the Government have no option but to cut VAT.”
Discuss.