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Government must get timing as well as policies right on Covid-19

Richard Curran


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The hospitality sector could have made more of a Vat rate reduction back in July, rather than in an October Budget (stock photo)

The hospitality sector could have made more of a Vat rate reduction back in July, rather than in an October Budget (stock photo)

The hospitality sector could have made more of a Vat rate reduction back in July, rather than in an October Budget (stock photo)

The Government's response to the Covid-19 pandemic should be as much about timing as policy. The biggest example of getting its timing wrong was with the 9pc Vat rate for the hospitality sector announced in this week's budget.

The time to opt for a 9pc rate was in July as part of the stimulus package. Hotels and restaurants were trying to salvage a bit of a summer. Some hotels even did OK around the country with a modest staycation bounce.


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