Marianne Butler
As VAT rates approach parity Senator Mark Dearey seeks special tax measures for cross-border development zone.
"The announced increase in VAT from January in the UK will bring us closer to price parity with Northern Ireland ," claims Louth Senator and local businessman, Mark Dearey.
Posted on: 06/22/2010
Category: News
Posted by: admin
The increase in VAT in the UK brings us virtual parity and given improvements in competitiveness that various government measures have led to, there is cause for optimism for business and enterprise across county Louth .
Given also the fiscal indicators contained in Chancellor Osborne's budget speech this morning, it is my intention to continue to lobby Minister Lenihan to initiate, with the UK Treasury, a new cross border development zone along the Dundalk/Newry corridor."
Continuing, Senator Dearey said, "While currency fluctuations introduce an unwelcome variable, many of the asymmetries that existed this time last year have disappeared creating a more stable environment for investment for business planning and for job creation."