Should VAT be cut for pubs and restaurants?
Thousands of pubs and restaurants are dropping their prices today by 7.5% - to campaign for cuts to VAT for hospitality businesses.
Campaigners claim that a VAT cut from 20% to 5% would generate an extra £1.5 billion in tax income in just 3 years and 600,000 jobs.
But is it fair to reduce VAT for one industry sector, and not for others?
BBC Radio 5 live's Wake Up to Money spoke to Patrick Stevens, Tax Policy Director at the Chartered Institute of Taxation, and James Staughton, Chairman of the Independent Family Brewers of Britain.
25 Sep 2013
- From the section Business