The Government’s small business package unpacked

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What measures has the Government introduced or promised and how have they been received?

In his maiden speech as Fine Gael leader and incoming Taoiseach last month, Simon Harris promised two things: increased housing targets and enhanced supports for small businesses. The latter came on Wednesday in the form of a new enterprise support package for small and medium-sized businesses, particularly those in the hard-pressed hospitality sector.

There was also a widening of eligibility for the Trading Online Voucher and a raft of other measures. The Government has also committed to financially stress-testing any additional sick pay entitlements on small businesses and has separately pressed the pause button on planned moves to a minimum living wage.Grafton Street investment offers 6.34% yield at reduced price of €2.15m

The second relates to the Government’s move to discontinue the long-standing reduced rate of VAT for hospitality . Costs have also been driven higher by the energy price shock and associated jump in input costs.

 

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