Hospitality Industry: VAT
Debate between Lord Harper and Lord Hunt of Wirral(2Â weeks, 1Â day ago)
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Lord Hunt of Wirral (Con)
My Lords, the Minister has acknowledged that over the past two years hospitality has experienced higher cost, but it is nothing but higher cost, imposed in particular by this Government, from employment costs and business rates pressures to regulation, and now it faces the prospect of potentially sky-high holiday taxes. In February the Prime Minister, when Mayor of Greater Manchester, said he favoured halving VAT on hospitality to 10%,
“because of the social value that your businesses bring to places and towns that need that life injected into them”.
Will the Prime Minister now listen to himself and the 800 hospitality businesses and industry leaders who have written to him, and will he now cut VAT to support, in particular, our small business sector?