15-06-2020 12:03 via retailgazette.co.uk

VAT could be slashed to boost consumer spending

// VAT could be slashed to help get Brits spending again and boost the economy
// The chancellor is is considering either a blanket or a targeted reduction in consumption taxesAccording to The Times, the chancellor Rishi Sunak is looking at reducing consumption taxes to boost struggling retailers.
Boris Johnson is now calling for shoppers to return to shops as ministers watch today’s reopening to see if faltering consumer confidence will require emergency VAT cuts.
The prime mini
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