Restaurants say ‘tsunami of closures’ now on the way
BUDGET 2025 is ‘a real kick in the teeth’ for the hospitality industry, according to Jamie Budd of the Vat9 group, which lobbied extensively but failed to have the rate reduced from 13.5% to 9%.
‘We did everything we could to highlight how serious the issue is for our industry,’ said the owner of Budds restaurant in Ballydehob. He now believes there will be ‘a tsunami of closures up and down the country’.
