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Hospitality Demands VAT Cut As National Living Wage Hike Looms

Hospitality industry bodies have united to demand action from the chancellor as firms continue to struggle under a weight of costs in the tough economy.

Read the full article on the Sky News website

NAM Implications:
  • It is difficult to avoid the impression that we are headed towards a 25% reduction in Hospitality capacity.
  • It may take some time, but it is unlikely that the government will provide any form of bailout…
  • i.e. VAT reduction or otherwise…