If re-elected, Fine Gael will back businesses with 800m euro investment - Simon Harris

The video discusses the transition from a temporary VAT 9 to a permanent lower VAT rate for food, catering, entertainment, and hairdressing. It highlights the benefits of this change for businesses, providing them with certainty and reducing their annual concerns about VAT rates. Additional support measures, such as the Power Up grant and PRSI rebate, are introduced to help small and medium businesses manage energy costs and employee expenses. The video emphasizes the government's commitment to providing long-term support and a shift in mindset regarding business cost bases.

What was the main purpose of transitioning from VAT 9 to a permanent VAT reduction?

• To provide certainty to businesses

• To increase government revenue

• To support large corporations

• To reduce consumer spending

Which grant is mentioned as a support measure for hospitality and retail businesses?

• Energy Plus grant

• Retail Support grant

• Power Up grant

• Business Boost grant

How does the PRSI rebate benefit businesses?

• By increasing employee wages

• By offering free training programs

• By providing tax exemptions

• By reducing the cost base

What is the primary goal of the Energy Plus grant scheme?

• To provide temporary relief

• To offer long-term support

• To reduce government spending

• To increase energy consumption

How will consumers benefit from the new VAT rate on food?

• By receiving government subsidies

• By supporting local cafes

• By paying higher prices

• By reducing their energy bills