- 4 updates
A price reduction of 7.5 percent in pubs and restaurants would not encourage most people to dine out more, according to a survey on the ITV News Facebook page.
Most respondents believed the price cut was too small to make a difference, such as Caroline Caunt who said:
Christine Wood disputed claims from protest organisers that a VAT reduction would boost the economy:
Steve Clarke was also pessimistic about the wider benefits of lower VAT for the hospitality sector:
Cutting the VAT paid by pubs and restaurants would "revive moribund high streets", said JD Wetherspoon chairman Tim Martin as his pub chain joined those slashing prices in today's tax protest:
Forty pubs and restaurants will cut their prices by 7.5 percent today in a protest against the amount of VAT paid by the hospitality sector.
Several chains and brands are taking part in the campaign, including JD Wetherspoon, Subway, Pret a Manger and Heineken.
Leading pubs and high street food outlets are due to give customers a treat today as they drop their prices as part of a VAT protest.
The chains and breweries are hoping to highlight the advantages that lower VAT would bring in increased sales as part of a campaign to convince the Treasury to drop VAT for catering outlets from the current 20%.
Pub chain JD Wetherspoon is one of the chains taking part in the 'tax parity day' organised by the VAT club started by French businessman Jacques Borel.
The campaign claims that a reduction in tax would increase sales and employment, generating more income and increasing the amount paid to the Treasury.