Remember this is the industry whose employment numbers keep rising, yet pleaded for a handout in the run up to the last general election, in the form of a 4% VAT reduction. Fine Gael duly delivered, with a nod from Fianna Fáil, in the budget, giving us four years to forget before the next election.
That 4% reduction costs about €700m per annum. If the industry was charging the same 23% VAT most of us have to charge, it would contribute about €2.5bn per annum to the exchequer. That’s one (overpriced) children’s hospital every year.
Remember, this is the industry which, in large part, pays the minimum wage and relies greatly on the hidden subsidy of the bank of Mummy and Daddy - i.e. employing teenagers and college students.
Anyone who lives in Dublin has seen it become a giant gastro-pub over the last decade.
There’s money in hospitality, it seems, and perhaps now more than ever.
D.
Ps. Much of the rubbish spoken by FG politicians in justifying the VAT reduction centred on small town rural restaurants and cafés needing it to survive. In my experience, and some in the business I’ve spoken to have agreed, it’s because pubs have greatly upped their food game in the last twenty years and stolen their lunch.