Issue 102
Spring Statement a “Bitter Blow” to Hospitality www.CLHNews.co.uk
Sector leaders have hit out at Chancellor Rishi Sunak’s Spring Statement, which has been met with disappointment, and called a “bitter blow” to a beleaguered sector still struggling from the fallout of the pandemic. The return to 20% VAT for the hospitality and tourism industry on April the 1st has been met with disappointment by thousands of hospitality businesses
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CLHNews
UKHospitality said, following the Chancellor’s statement. In addition, it said that ending the 12.5% rate for hospitality would jeopardise jobs and restrict the sector’s efforts to stifle price rises for consumers, and its ability to lead the UK’s post-pandemic economic recovery.
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