Drinks giant Diageo will raise the price of a pint by 4 cent from August, on top of a 12 cent hike already imposed since February. The move has sparked disquiet among members of the licensed trade.
Will Government’s plan for a 20c tax on disposable coffee cups have the desired effect or could it end up hurting businesses? On this week’s episode of Inside Business, co-owner of Olive’s Room restaurant and co-founder of Vytal Ireland, Michelle Moloughney, gives Cliff Taylor her thoughts on the divisive levy. And Irish Times business and technology journalist Ciara O’Brien on why she has been writing about Irish tech firm Intercom.
The Vintners’ Federation of Ireland said the price rise is “poorly timed and deeply unfair to both consumers and publicans”. “Diageo took a 12 cent increase back in February which, in my memory, is the highest ever increase imposed. Many of the factors under ‘rising business costs’ Diageo refer to as justification for the increase were either known back in February and included in that increase or, indeed, have reduced in the meantime,” he said.
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