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VAT Cut Didn’t Lower Prices But Helped Businesses | Galway News
Description
The government’s return of the 9% VAT on essentials like food and haircuts didn’t deliver the price relief many hoped for—only one item, a kids’ chicken goujon meal, dipped slightly. Five others rose, including burgers and pizza, while most stayed flat. Originally a pandemic lifeline, the VAT cut is now permanent, aimed at easing business costs and saving jobs. Though restaurants weren’t forced to lower prices, the move appears to be working: hospitality bankruptcies dropped nearly 26% this year, showing businesses are gaining confidence and staying open.
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