On the VAT front, the pub chain Wetherspoon has criticised the government’s plans to increase VAT to its pre-pandemic level of 20% for food sold in pubs, restaurants and cafes in April. VAT was cut to 5% in July 2020 to help struggling businesses. Wetherspoon founder and chairman, Tim Martin, claims it’s not fair to charge VAT on food sold in pubs and restaurants, but not in supermarkets.
UK government borrowing higher than expected ahead of mini-budget; crude oil up again – business live
Italia Notizia Notizia
Soaring inflation pushes up UK government interest payments, as US Fed chair signals more aggressive rate rises to tame inflation