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Irish thinktank questions focus on reducing wages

Temporary VAT reduction advocated by TASC in a bid to tackle problems facing Ireland's restaurant industry

By Pete Hayman

Abolishing wage agreements and reducing pay will not tackle the problems facing Ireland's restaurant sector, according to thinktank TASC. A nine-page briefing

document published by the organisation has claimed the move would reduce consumer demand and increase inequal- ity, and has called for other measures to be implemented. According to TASC research,

the Irish exchequer would lose about E1,143 (£970) for every

full-time employee within the restaurant sector whose pay is cut to the statutory minimum. Instead of cutting wages, the

thinktank has suggested a temporary VAT reduction and excise taxes for restaurants could be more effective in helping the industry to address the issues facing it. Sinéad Pentony, the think-

tank's head of policy, said: "In addition to further widening the income gap, TASC believes that reducing restaurant wages would fail to address the real cost issues."

TASC believes reducing pay will not address the sector's problems

Red Knights consortium to seek 'fair' MUFC deal

By Pete Hayman

A consortium eyeing up a potential bid for Manchester United Football Club (MUFC) has confirmed that it will offer what it considers a "fair value" for the club. The Red Knights are believed

to be in the final stages of launching a takeover bid for the former Premier League champions, which is set to be in the region of £1bn.

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Red Knights believe the club's value has now fallen. In a statement, the Red

The group is eyeing 'fair value'

Recent media reports claim

that MUFC owners, the Glazer family, rejected a £1.5bn bid for the club in 2009, but the

Knights said: "Our primary goals remain to facilitate a return of ownership of the club to its supporters and the community; and to restore the financial health of the club. "We have had productive

conversations with potential investors, which have rein- forced our belief that it is wrong to offer above fair value."

World Heritage bid for Broads?

The Norfolk and Suffolk Broads could be awarded World Heritage Site status after the Broads Authority confirmed that it was considering a bid. Authority members met

on 14 May to decide whether to press ahead with the bid, which was first mooted in 2005-06 but has been on hold to receive guidance.

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