'NI hospitality can no longer compete with Republic'

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Fri, February 7, 2025

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'NI hospitality can no longer compete with Republic'

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'NI hospitality can no longer compete with Republic'

_{//business-finance.news-articles.net/content/202 .. itality-can-no-longer-compete-with-republic.html}
^{Published in Business and Finance on Tuesday, February 4th 2025 at 3:40 GMT by MSN}

The Republic of Ireland's proposed lower VAT rate could make it harder to attract weddings, warns hotelier.

The article from MSN discusses the challenges faced by the hospitality sector in Northern Ireland (NI) due to economic disparities with the Republic of Ireland. It highlights that businesses in NI are struggling to compete because of higher operational costs, including energy, rates, and wages, which are not as subsidized or supported as they are in the Republic. The article mentions that the hospitality industry in NI has seen a significant number of closures, with many establishments unable to keep up with the financial pressures. There's a call for government intervention to level the playing field, with suggestions for tax reliefs, reduced VAT, and other financial aids to help the sector survive. The piece also touches on the broader economic implications, noting that without support, the hospitality industry might continue to decline, affecting employment and local economies.

Read the Full MSN Article at:
[ https://www.msn.com/en-xl/general/general/ni-hospitality-can-no-longer-compete-with-republic/ar-AA1ymWLp ]

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