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• 1,700 jobs lost from cross border shop

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  Helena Deane    Group moderator

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  1,700 jobs lost from cross border shop

  Monday, November 30 10:15:24
  
  Cross border shopping caused 1,700 job losses in November alone, according to Retail Ireland with every 150 shopping trips resulting in the loss of one job here.
  
  "Cross border shopping during November will cause in the order of 1700 people to lose their jobs. The impact of cross border shopping over the weekend alone will cause approximately 400 job losses. If cross border shopping continues at this rate during December similar numbers of jobs will be lost with particular devastation in border counties-Cavan, Donegal, Louth and Monaghan," Retail Ireland Director Torlach Denihan said.
  
  He said that the people that will lose their jobs because of cross border shopping during November earn E63m. "The total cost to the State in income tax lost and social welfare payments for the November job losses will be E34m."
  
  "Retail sales have fallen substantially due to the recession and cross border shopping caused by the 30pc collapse in sterling over the last year. Decisive action is needed in the Budget to combat cross border shopping and to encourage consumers to spend some of the 12pc of disposable income currently saved."
  
  "Excise levels on alcohol should be reduced by 20pc because alcohol is the single biggest motivation for cross-border shopping trips. We have the highest excise in Europe for wine and the second highest for beer and spirits. The North now accounts for approximately half of all alcohol sales on the island because of cross-border shopping where as it has about a third of the island's population."
  
  "There should not be any further increases in taxation on consumers on Budget day and the VAT rate should be reduced to 18pc to stimulate retail sales. The public are now saving 12pc of disposable income and they need to be encouraged to spend some of this to create employment and boost the economy."
  
  Retail Ireland said that PRSI should be reduced to help employment in the sector.
  
  (Bizworld)
  
  • 30 Nov 2009, 2:40 pm
  Helena Deane wrote: > Monday, November 30 10:15:24 > > Cross border shopping caused 1,700 job losses in November alone, > according to Retail Ireland with every 150 shopping trips resulting > in the loss of one job here. > > "Cross border shopping during November will cause in the order of > 1700 people to lose their jobs. The impact of cross border shopping > over the weekend alone will cause approximately 400 job losses. If > cross border shopping continues at this rate during December similar > numbers of jobs will be lost with particular devastation in border > counties-Cavan, Donegal, Louth and Monaghan," Retail Ireland Director > Torlach Denihan said. > > He said that the people that will lose their jobs because of cross > border shopping during November earn E63m. "The total cost to the > State in income tax lost and social welfare payments for the November > job losses will be E34m." > > "Retail sales have fallen substantially due to the recession and > cross border shopping caused by the 30pc collapse in sterling over > the last year. Decisive action is needed in the Budget to combat > cross border shopping and to encourage consumers to spend some of the > 12pc of disposable income currently saved." > > "Excise levels on alcohol should be reduced by 20pc because alcohol > is the single biggest motivation for cross-border shopping trips. We > have the highest excise in Europe for wine and the second highest for > beer and spirits. The North now accounts for approximately half of > all alcohol sales on the island because of cross-border shopping > where as it has about a third of the island's population." > > "There should not be any further increases in taxation on consumers > on Budget day and the VAT rate should be reduced to 18pc to stimulate > retail sales. The public are now saving 12pc of disposable income and > they need to be encouraged to spend some of this to create employment > and boost the economy." > > Retail Ireland said that PRSI should be reduced to help employment in > the sector. > > (Bizworld)