THE UK’s new government should cut tourism Value Added Tax (VAT) to 5%, according to the British Hospitality Association.
Said chief executive Ufi Ibrahim: ‘Our top agenda item for the Prime Minister and the Chancellor is to cut tourism VAT to 5%, which could massively boost jobs, bring billions of new revenue to the Treasury, and directly improve the livelihoods of people in struggling communities across the UK.
‘Let's hope consumers are the winners in the final result, and can look forward to the benefits of an increasingly healthy economy.’
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