Oireachtas Joint and Select Committees

Tuesday, 28 November 2017

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Cost of Doing Business in Ireland: Discussion (Resumed)

4:00 pm

Mr. Jimmy Redmond:

In my own trade rates are one issue but excise is even more important. There have been two major jumps. That, for me, is a major cost because on budget night I have to find that excise to buy my next case of wine.

It is not in my profit forecast for this year but suddenly it has gone up in the budget €1 or 50 cent a bottle. The following day to buy the same bottle of wine I have to find that increase. That comes out of my bottom line. It is not found with a magic wand. I cannot go to the bank for it. For me rates and excise are important.

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