Seanad debates

Thursday, 3 May 2012

11:00 am

Photo of Mary Ann O'BrienMary Ann O'Brien (Independent)

I draw the House's attention to a statistic from the RGDATA report by Mr. Jim Power, which was published in November 2011. I thank the Cathaoirleach for bearing with me. Were the UK multiplier effect applied to the Irish situation, the report reads:

An extra €100 euro spent in a locally owned would result in an injection of €250 into the local economy. The same €100 spent in a large multiple would result in an injection of just €140 into the local economy. Consequently, if 10 per cent of spending in the two largest multiples were to switch to locally owned retailers, it would result in an injection of an extra €670 million.

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