Hospitality Industry: Government Assistance
The question
To ask the Chancellor of the Exchequer, what fiscal steps she is taking to support the independent hospitality sector; and if she will make an assessment of the potential merits of (a) reducing the rate of VAT for and (b) providing other targeted support to that sector.
Answered by James Murray
The Government very much recognises the importance of independent hospitality. As new Ministers we are keen to engage with the sector to understand its priorities.
VAT is the UK's second largest tax forecast to raise £176 billion in 2024/25, helping to fund our public services including the NHS and education.
The Chancellor makes decisions on tax policy at fiscal events.
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