‘It’s about value for money. So, people feel that when they come in, they’re being charged reasonable prices’
Once the full rate of excise is restored, the Exchequer will benefit by more than €700 million over the course of 12 months. Meanwhile, the UK government is looking at imposing price caps on British supermarkets in a move that was considered and discounted by the Irish Government earlier this month. As in this jurisdiction, large supermarkets in the UK have announced price cuts on some food items in recent weeks. However, the government believes more can be done which has prompted talks which, if successful, would see supermarkets charge the “lowest possible amount” for set products.
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