Thursday, November 5, 2009

Government hands pubs VAT lifeline

Never let it be said that the present government does nothing to help the pub trade. In response to pressure from the industry, they have agreed to defer the 1 January VAT increase. By a whole six hours. I’m sure that will get Darling and Brown unbanned from thousands of pubs across the country.

It shouldn’t be forgetten, though, that the whole futile charade of cutting VAT and then raising it again conceals a stealth increase of 8% in alcohol duties – now reversing that might be a real lifeline for pubs.