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24/04/2009
Boost For Border Traders As Budget Targets Booze
This week's UK Budget is being welcomed by border traders in the Irish Republic.
Retailers close to the land frontier in towns such as Dundalk have been badly affected by the long-running boom in cross-border shopping, but now the Westminster Budget could be offering a glimmer of hope.
Dundalk has already suffered significantly from the north-bound exodus which began before Christmas.
The supermarket Superquinn, have already shut up shop in Dundalk as many locals opt to do their grocery shopping north of the border.
Now, the rise in booze prices in Northern Ireland is offering a modest fillip for southern traders.
Speaking to the Belfast Telegraph this week, Bill Tosh, Chief Executive of the town's chamber of commerce, said the rise in alcohol duty announced in this week's Budget would affect the regular trips made by residents in the Irish Republic to load up on alcohol north of the border, where it is significantly cheaper.
"It will have a serious impact on the draw of alcohol, which really is one of the big attractions north of the border."
Mr Tosh feels the stringent Budget gives the UK a slight 'taste of the medicine' doled out in the Republic, still smarting from a punishing emergency Budget announced by Iirsh Finance Minister Brian Lenihan earlier this month.
See: Budget 2009: Top Earners To Be Taxed Up To 50%
(BMcC/JM)
Retailers close to the land frontier in towns such as Dundalk have been badly affected by the long-running boom in cross-border shopping, but now the Westminster Budget could be offering a glimmer of hope.
Dundalk has already suffered significantly from the north-bound exodus which began before Christmas.
The supermarket Superquinn, have already shut up shop in Dundalk as many locals opt to do their grocery shopping north of the border.
Now, the rise in booze prices in Northern Ireland is offering a modest fillip for southern traders.
Speaking to the Belfast Telegraph this week, Bill Tosh, Chief Executive of the town's chamber of commerce, said the rise in alcohol duty announced in this week's Budget would affect the regular trips made by residents in the Irish Republic to load up on alcohol north of the border, where it is significantly cheaper.
"It will have a serious impact on the draw of alcohol, which really is one of the big attractions north of the border."
Mr Tosh feels the stringent Budget gives the UK a slight 'taste of the medicine' doled out in the Republic, still smarting from a punishing emergency Budget announced by Iirsh Finance Minister Brian Lenihan earlier this month.
See: Budget 2009: Top Earners To Be Taxed Up To 50%
(BMcC/JM)
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Minister highlights importance of cross border co-operation
Junior minister in the Executive Dermot Nesbitt has stressed the benefits of north-south co-operation at a key event staged in County Louth.
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08 April 2009
Post Budget Border Bonanza To Continue
Northern Ireland is not only to continue benefiting from cross border trade, but, thanks to the Irish Republic's latest budget measures, looks set to gain even more trade.
Post Budget Border Bonanza To Continue
Northern Ireland is not only to continue benefiting from cross border trade, but, thanks to the Irish Republic's latest budget measures, looks set to gain even more trade.
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
