Hospitality VAT cut: can it help the sector and at what cost to UK taxpayer?

Drop to 10% for pubs and eateries would be in line with most of Europe, but critics say it favours multinationals Business live – latest updates Nearly a quarter of hospitality businesses are losing money, fresh data has shown, reigniting calls among chefs, pub owners and restaurateurs for their sector to be handed a reduced rate of VAT. It may seem like a no-brainer because the measure would ease pressure on the ailing sector and put the UK in line with most European countries. But critics...

By Charlotte Smith and Rob Davies