Hotels to miss out on Fine Gael promise of VAT cut

The video discusses measures to support small and medium businesses, including the Power Up grant providing €4000 to hospitality and retail businesses to offset energy costs. It emphasizes the need for permanent solutions rather than temporary fixes, highlighting a mindset shift in cost management. Additionally, it announces a new permanent food rate of 11%, providing long-term certainty for businesses.

What is the purpose of the Power Up grant mentioned in the video?

• To provide tax relief for large corporations

• To support small and medium businesses with energy costs

• To fund new business startups

• To offer loans to struggling businesses

Why do businesses prefer a permanent solution over temporary measures?

• Because temporary measures are more expensive

• Because permanent solutions provide long-term certainty

• Because permanent solutions are easier to reverse

• Because temporary measures are difficult to implement

What is the new rate related to food costs mentioned in the video?

• 11%

• 12%

• 15%

• 10%