CLH Digital - Issue #102

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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

CLHNews

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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