- December 17, 2021
- Posted by: Stratford Team
- Category: Business
(Bloomberg) — Rishi Sunak will hold crisis talks with U.K. businesses on Friday about how to counter the fallout from a record surge in coronavirus infections.
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The chancellor of the exchequer on Thursday cut short a working visit to California to face a growing clamor from hospitality companies and members of his own Conservative Party to alleviate the blow of what the Confederation of British Industry has called a “lockdown by stealth,” as Britons steer clear of social gatherings.
So far, the Treasury has resisted unveiling any new aid package, pointing instead to measures that are already in place. Participants in calls with Sunak and his ministers on Thursday described the U.K. finance ministry as being in listening mode.
Here are some options open to the chancellor:
Sales Tax Reduction
Hospitality businesses, holiday accommodation and attractions currently benefit from a reduced 12.5% rate of value-added tax (sales tax)…
