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VAT Cut for Kids' Meals: A Band-Aid or Real Help?
Description
Chancellors VAT Cut on Kids Meals: A Mixed Reaction from Restaurants
The Chancellors temporary VAT cut on childrens meals from 20% to 5% for June-September, part of a Great British summer savings plan, is met with skepticism by restaurant owners. They argue that kids meals are often sold at a loss, and the small VAT reduction may not significantly impact prices or expenses. Industry figures call for broader measures addressing issues like high childcare costs. Wetherspoons plans to pass on savings, but industry lobbying group pushes for a wider VAT cut across hospitality sector.
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