‘Hospitality demand is there, but there is no margin anymore’

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‘Hospitality demand is there, but there is no margin anymore’
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Inside Business podcast with Ciarán Hancock

Dublin restaurant Shanahans on the Green has temporarily closed while its owner tries to unfreeze its bank accounts and source funds to reopen the venue. Photo: Sam Boal/Collins PhotosThese are some very challenging times for retail and hospitality here, with news this week that men’s fashion retailer Alias Tom was placed into liquidation while high profile Dublin restaurant Shanahan’s on St Stephen’s Green closed, and Dillinger’s in Ranelagh will close in November after 16 years in operation.

On Tuesday, hundreds of hospitality, tourism, retail, and other small business owners protested in Dublin outside Leinster House about the increasing costs of doing business here, with many of those costs being Government imposed.

At the end of last month, the Government announced that the much talked about auto enrolment private sector pension scheme would finally come into effect in September 2025. A report in the Irish Independent suggested there could be a tax sting in the tail for those workers, following the release of the Finance Bill last week. Dominic Coyle, The Irish Times resident pensions expert, outlines what’s being proposed in the Finance Bill for auto enrolment.

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Restaurant-Association-Of-Ireland Tourism-Ireland Smes Government Budget Retail Auto-Enrolment Pension

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