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Farron: VAT cut would help tourism sector

February 11, 2014 11:08 AM

Tim speaking in ParliamentDuring a Westminster Hall debate this morning, South Lakes MP Tim Farron has called for a VAT cut to help the tourism sector.

Tim thinks that a tax cut could boost trade, create jobs and help our tourism sector compete with other European destinations. He has asked the Treasury to bring tax rates into line with other European countries.

In the debate Tim said "The tourism sector in the Lakes and Dales wants to be a higher wage industry and to create more jobs. A VAT cut for this sector would help achieve that."

Last year Tim tabled a written question on the subject in the House of Commons. He asked the Chancellor of the Exchequer "if he will consider reducing the rate of VAT charged to hotels in the UK for the purposes of enabling them to run their businesses at similar levels of taxation to hotels in other EU countries?"

Tim said: "Local hotels and B&Bs are the backbone of our economy and, I think they need more help and support. I will keep campaigning for extra support for our tourism sector and doing all I can to push for a targeted tax cut."