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VAT cut ‘could plough billions’ into hospitality sector

Up to £10.3bn could be ploughed into the UK’s hospitality sector if a reduction in VAT is announced in the government’s Autumn statement next week (23 November).

A cut in VAT of 5% could provide the average UK adult with extra spending power of £547 per year, according to the report.

Read the Hotel Owner article in full here…

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