In twos days there is going to be a movement within the uk, pubs up and down the land, which holds the moniker of great will be lowering there prices by 7.5% to show that a tax cut would help boost the hospitality industry and the economy as a whole, the initiative will be used to initially highlight food prices because while this industry pays full VAT supermarkets do not, I wish just once someone other than CAMRA would take the initiative against over taxation of beer, just once. it would mean i’d really like to give publicity to someone other than CAMRA.
The campaign will be backed by all the big players in the pub industry, you know them all well im sure, you have your Jd Weatherspoons, Punch taverns and Brains and they are calling the 25th of September tax parity day. The organizers are hoping to get a 5% cut in tax for the industry claiming that this could boost jobs in the sector and help with the economic recovery.
Campaigner Jacques Borel said: “Our aim is to secure more equal tax treatment for food sold through pubs, restaurants and food service operators, compared to supermarkets, which benefit from a zero VAT rate.”
“We are calling on supporters of the campaign to reduce their prices by 7.5% for one day. This is the amount by which we believe that prices would fall if VAT were cut to 5%, on the assumption that 60% of any reduction would be passed onto the customer in lower prices.
“So, for example, the total price of a meal and drinks for a family of four would be reduced from £50 to £54.60 ono Tax Parity Day.”
Borel added that cutting VAT by 7.5% would boost turnover, increase sales and attract more customers: “Our argument is clear – a reduction in the level of VAT on a long-term basis will generate growth and create jobs in the important leisure and hospitality sector.”
you know what that means dear readers, get out on the 25th and drink, the reduction in prices is better for us all, I don’t know how successful it will be but i wish them all the luck in the world, i really do.