Budget will cost Matthews Coaches an extra €20,000 a year

MATTHEWS Coach Hire founder Paddy Matthews has admitted that the 2pc increase in diesel in last Tuesday's Budget will cost his company an extra €20,000 per year.

MATTHEWS Coach Hire founder Paddy Matthews has admitted that the 2pc increase in diesel in last Tuesday's Budget will cost his company an extra €20,000 per year.

While the 2pc increase will have minimal impact on most motorists, it has a severe knock-on effect for transport businesses throughout the region including the Inniskeen-based company, which has become renowned in this area for its bus service to Dublin and its tours.

Like everyone else, Matthews Coach Hire are operating in a difficult climate at present and while the increase in Tuesday's Budget won't cost anyone at the company their job, it could affect them taking some on.

"The Budget changes will cost us an extra e20,000 a year, which is a fairly substantial figure," said Paddy.

"It works out at e56 a day and at that sort of cost it would affect a company's decision whether to take anyone else on.

"The way we look at it is that if we can get an extra five passengers on board per day then we will read the storm. It just means we need to up the ante."

Paddy said raising fares to meet the added cost was also not an option.

"There's no way we would try to raise fares because people have been hammered enough.

"The reality is that even before the increase it was cheaper to travel by coach with us to Dublin than drive and that's even moreso the case now so we just have to try and get more people out of their cars and onto our coaches," he said.