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Published and printed in DublinMonday, March 16, 2009
METROFREE
Moo-ving ahead of the pack: These two men looked as though theyhad lost their dog during yesterday’s rehearsals for the GAA’s MonumentalMoments pageant, which will lead the St Patrick’s Festival Parade Picture: Fennells
HELP METRO HELP THE ENVIRONMENT. RECYCLE THIS NEWSPAPER TODAY
INSIDE TODAY
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Mary Coughlan’sfrank revelationson life and booze
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Win VIP ticketsto see The BoatThat Rocked
PLUSWIN... Aweekendin Cork
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bY jOANNE O’CONNOR
Call forVAT cutto boosteconomyCROSS-BORDER bargains in the Northcontinue to lure savvy shoppers, prompt-ing a call for a cut in VAT.A survey of Metro’s Urban Life panel has shown
that 26 per cent of Urbanites continue to avoid theState’s 21.5 per cent VAT rate when shopping –preferring to travel north instead.Alcohol, household products, clothing, enter-
tainment goods as well as health and beauty itemsare filling shopping baskets, with the majority offood products being bought in the Republic.It has been estimated that last year’s VAT in-
crease – made when the euro to sterling exchangerate hit a record high – has cost the State morethan €700million in lost trade to the North.
Last October, while BritishVAT was cut to 15 percent, Finance Minister Brian Lenihan increased theIrish VAT rate from 21 per cent to 21.5 per cent, amove he later admitted was a ‘serious mistake’.Retail Ireland’s Torlach Denihan yesterday said
the VAT rate on goods, particularly alcohol, willhave to be reviewed to protect our economy andjobs. ‘Our excise rate is 40 per cent higher on spir-its and 23 per cent higher on wine than in theNorth. Shoppers travel north to buy alcohol andend up buying other items too,’ he said.
What you think of Paddy’s Day: Page 6