Budget 2025: How the industry reacted
Print1 October 2024
The Budget for 2025 has been unveiled this afternoon (1 October) by Finance Minister Jack Chambers and Minister for Public Expenditure & Reform Paschal Donohoe in Leinster House.
Following is how the industry responded…
Food Drink Ireland
Food Drink Ireland (FDI), the Ibec group representing the food and drink sector, has welcomed the Government’s announcement in Budget 2025 to unlock €1.5 billion from the National Training Fund over the coming years.
Linda Stuart-Trainor, deputy director, said: “With almost 165,000 people employed in the agri-food sector, a skilled labour force is key to our ability to produce world-class food and drink products.
“Today, the Government has made an important commitment to unlocking the National Training Fund.
“We are eager to collaborate on the rollout through additional funding for apprenticeships, an Upskilling Incentive Scheme for SMEs and fostering a green talent pipeline, as the sector continues to invest in sustainable technologies and processes.”
Vape Business Ireland
Vape Business Ireland (VBI), the national trade association for vaping retailers, has welcomed the announcement of an excise on vapes by Minister of Finance, Jack Chambers, in Budget 2025.
VBI has long called for an excise on vapes in line with what we see with our European counterparts, and appropriate oversight over the market is vital as more and more people use vapes to quit smoking.
However, VBI has also warned that the Government’s plans to ban flavours and flavour descriptors would result in an increase in black market activity, which Minister Chambers said had been considered when fleshing out the details of the new tax over the weekend.
“As a responsible retailer, I agree with the measures announced by the Minister to improve the oversight and administration of vaping products,” said Paul Malone, spokesperson, Vape Business Ireland.
Read more: Budget 2025: Main measures that affect the Irish grocery retail industry
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