Pubs in the capital are being obliged to drastically raise their rates in order to remain in business, thus the €10 pint may become the new standard, reports The Mirror.
A pint in certain Temple Bar bars already costs almost 10 pounds, but similar charges may soon be applied across Dublin’s downtown.
The government’s refusal to lower the VAT rate in last week’s budget or offer any assistance to the beleaguered industry has left the hotel sector reeling.
Numerous wineries have shut down in recent years, and associations representing wineries worry that many more are about to follow suit, reports The Mirror.
Since the higher VAT rate was reinstated a year ago, at least 600 eateries and food-related companies have shuttered.
There is concern that in the upcoming year, up to 1,000 more might fail, resulting in the loss of thousands of employment. The restaurants and bars that have managed to stay open are cautioning that they may have to raise their pricing, which may lead to the introduction of the €10 pint, reports The Mirror.
The proprietor of the Swan Bar on Aungier Street in South Dublin, Ronan Lynch, warned that prices would increase significantly.
He stated that “€10 pints will become a regular thing if this Government stays in charge.”
The publicists claim that the sector would be negatively impacted by the 80c minimum wage hike, reports The Mirror.
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