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Alcohol minimum pricing rules to be fast-tracked by Cabinet | The Irish Times

The Government is set to fast-track new laws to clamp down on cheap alcohol sales in off-licences and supermarkets, with the Cabinet expected to approve plans within the next two weeks. The Sunday Independent also reports that controversial minimum unit pricing rules for wine, beer, and spirits will come into effect within 12 months, meaning this is the last summer consumers will be able to avail of bargain-basement alcohol.

The paper reports that Minister for Health Simon Harris will bring a memorandum to the Cabinet before the summer recess that will set out plans to introduce bans on below-price selling of alcohol by the middle of next year. Under the new laws, a 75cl bottle of white wine costing €5.99 will increase by €1.11 while 70cl of Tesco vodka, currently costing €12.99, will see an increase of €7.72, making it €20.71.

Four bidders for Green Reit buyout
The sale of Green Reit, the €1.3 billion-valued commercial property group, has been narrowed to four bidders, with interest from both Irish and international groups, according to a report in the Sunday Times. Irish Life and the US property investment group Kennedy Wilson remain in the running for Green Reit, which put itself up for sale in April, citing a persistent gap between its share price and the value of its property portfolio.

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Alcohol minimum pricing rules to be fast-tracked by Cabinet.

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