Tuesday, 14 October 2014
The Alcohol Beverage Federation of Ireland (ABFI) has today welcomed the Government’s decision not to increase excise on alcohol.
ABFI represents Irish beer, cider, whiskey, wine and spirits suppliers and manufacturers and said that today’s decision not to increase excise on alcohol would have a significant positive knock-on effect on the economy, giving a boost to the fragile economic growth in the hospitality sector.
ABFI also welcomed the increase in excise relief for microbreweries.
Kathryn D’Arcy, Director of Alcohol Beverage Federation of Ireland (ABFI) said:
Today’s decision not to increase alcohol excise will support the sector to grow and develop in a sustainable manner, creating competitive conditions in the domestic market.
This is an industry that makes a valuable economic contribution to Ireland:
- · 92,000 jobs supported by the drinks industry from grain to glass
· 3,800 jobs in beverage manufacturers
· €1.1billion worth of Irish imports purchased by the drinks industry, supporting jobs on farms across Ireland
· 8,298 pubs and hotels offering a unique hospitality experience for tourists and consumers alike
· €2bn wage contribution made by the industry
“Going forwards we believe that the Government should use next year’s Budget as an opportunity to reverse excise on alcohol in order to promote job creation. Excise on alcohol in Ireland is already amongst the highest in Europe and the government must consider reversing it if they are serious about making Ireland the best little country in the world in which to do business”.