Seanad debates

Friday, 19 December 2008

Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages

 

5:00 pm

Photo of Pat CareyPat Carey (Dublin North West, Fianna Fail)

Much emphasis has been laid on retail sales, but retail sales are down in all countries, not just in Ireland. Retailers are currently offering sales with discounts of 20% to 50%; in effect, the VAT rate increase is being absorbed.

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