The news we have been waiting years for has been shared by Rishi Sunak today.

The Chancellor made the announcement as he unveiled his plans to boost the economy post-coronavirus lockdown in the House of Commons today.


The cut will last for six months from July 15 until January 12 next year. 


The announcement reads:

 "We are reducing VAT to 5% for goods and services supplied by the tourism and hospitality sectors. This is a £4bn catalyst benefiting over 150,000 businesses, and consumers everywhere - all helping to protect 2.4 million jobs."




We have opened a bottle of champagne at 1:15pm on a busy Wednesday. 


Thank you Sunak


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