Hospitality sector warns of 310,000 job losses if 5% VAT rate is ditched

Hospitality sector warns of 310,000 job losses if 5% VAT rate is ditched

Hospitality and tourism businesses are calling for the Government to extend the reduction of VAT to 5% or risk thousands of redundancies across the sector.
A survey of more than a thousand hospitality and tourism businesses, carried out by four industry organisations, said Chancellor Rishi Sunak’s decision to reduce VAT from the standard rate of 20% has protected jobs and the survival of…

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