Leaders’ questions in the Dáil (the Irish Parliament) yesterday was dominated by the rising cost of living, with calls for the government to crack down on “profiteering supermarkets”.
Social Democrats acting leader Cian O’Callaghan called on the government to mandate that supermarket chains and retailers in Ireland publish their profits, something they are not currently required to do.
Data published earlier this month revealed that food prices in the country are up on average 5% in the last year, while households report that they have been cutting back or making changes to their usual purchases.
Read the full article on The Journal website
NAM Implications:
- This has taken a long time coming..
- …and has now become political.
- i.e. a ‘safe’ basis for attention amidst more ‘global’ issues.
- Meanwhile, much depends on how retailers’ Irish profits compare with UK businesses….
- …should this initiative result in legislation.
