Chancellor slashes VAT for hospitality industry and launches his ‘plan for jobs’
The Government is to cut VAT for the hospitality industry to 5% and introduce an "eat out to help out" discount scheme for diners as part of its plans to restart the economy.
The measures came as part of a wider programme to limit mass unemployment in the months ahead.
Chancellor Rishi Sunak said "the job has only just begun" as he unveiled his own "plan for jobs" this lunchtime.
Sunak told Parliament: "I will never accept unemployment as an unavoidable outcome."
He detailed a "£4bn catalyst for the hospitality and touris... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
