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Budget 2022: Main Points That Effect The Irish Grocery Retail Industry

The Minister for Finance Paschal Donohoe is currently delivering Budget 2022.

Minister Donohoe opens proceedings by referencing the pandemic, says nobody could have foreseen the devastation COVID-19 would leave in its wake.

"But, it also brought out the very best in Irish society," he says, praising frontline workers and those in community and care sectors.

"Our efforts have worked. Our solidarity and common purpose saved lives."

"Our country now reaches for a better, a brighter future," he adds.

Here are the main points, that effect the Irish Grocery Retail Industry as they happen...

COVID-19 Employment Wage Subsidy Scheme (EWSS) extended to April 30, 2022.

National minimum wage up 30 cent to €10.50 per hour.

For independent cider brewers, Minister Donohoe says he has asked his department to engage with the sector to allow for the implementation of 50c excise relief for small producers.

50c increase on cigarettes bringing it to around €15 per 20 pack, with a pro-rata increase on other tobacco products.

Petrol and diesel costs will increase, with a 60 litre tank of petrol costing approx €1.28 extra while the same amount of diesel will be €1.48 more.

2021 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. For more retail news click here. Click sign up to subscribe to Checkout.

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