Fine Gael’s VAT Plan Sparks Controversy Amid Cost of Living Concerns
Fine Gael has dismissed claims that its proposed VAT increase from 9% to 11% will raise gas and electricity prices for consumers, countering accusations from Fianna Fáil and other parties. The new plan is aimed at supporting the hospitality sector, which argues that previous VAT hikes have harmed many small businesses. Critics assert that the modest VAT adjustment will not sufficiently aid struggling restaurants and cafés. Fine Gael declares that the 11% rate implementation will occur alongside a broader cost-of-living package in April 2025, aiming to bolster economic support for households and businesses.