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Thursday, 15 August 2013

Campaign responds to Prime Minister on Tourism VAT reduction

Graham Wason, Chairman of the Cut Tourism VAT today responded to comments by the Prime Minister regarding the case for reducing tourism VAT.

During a live Q&A with Global Radio at its Capital FM and Xfm studios in Manchester on 8th August, the Prime Minister was asked his view on the issue.

In his answer the Prime Minister said: “There are always good cases for cutting VAT on individual items. The leisure industry and the hotel industry makes a very good argument, but as do lots of other industries… So people have to come up with a very good [argument] before it gets accepted.”

Graham Wason, Chairman of Cut Tourism VAT said: “Earlier this year we presented findings to HM Treasury, that according to their own economic model, a reduction in tourism VAT would be one of the most efficient means of generating GDP gains at low cost to the Exchequer.

“As an industry we have the strongest case for a reduction and we will be bringing this directly to the attention of the Prime Minister.”

“It is surprising that the Prime Minister refers weak pound as an opportunity for tourism sector. Relying on the UK economy to remain weak is not part of a sustainable strategy for tourism – and it makes no difference to the cost of domestic breaks for hard-working British families.”

You can listen to Prime Minister David Cameron here:

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