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The chancellor has introduced the extension of a VAT reduce for the hospitality and tourism sectors – a number of the worst-hit by the pandemic.
Rishi Sunak stated that the non permanent discount of VAT charges from 20% to five% would stay in place till 31 March 2021, reasonably than 13 January.
The plans would “assist defend 2.four million jobs by the winter”, he stated.
Eating places and pubs particularly have been affected by lockdown measures.
