Oireachtas Joint and Select Committees

Tuesday, 30 June 2020

Special Committee on Covid-19 Response

Impact of Covid-19: Hospitality Sector

Photo of Mary ButlerMary Butler (Waterford, Fianna Fail)
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I thank Mr. Cummins. My final question is for Mr. Power. I will be a little bit parochial here. Mr. Power will be very familiar with Waterford. Across Waterford, we anticipate a potential loss of 4,600 tourism jobs and a hit to the local tourism economy worth €100 million this year. Many industry organisations have called for the 13.5% VAT rate to be reduced because it is unviable. Will Mr. Power outline his thoughts on that? How important will that be to kick-starting the economy? As a country, how low can we go financially? What effects would it have on us?