Sunak considers VAT cut as Darling calls for action to kickstart economy

Industry News | 22/06/20

The Chancellor is considering a temporary reduction in VAT to help kickstart the economy amid mounting calls for further government action. Rishi Sunak is understood to have instructed Treasury officials to explore such a course of action. A VAT cut is being advocated by former Chancellor Lord Darling along with an infrastructure spending spree in a new report co-authored by Gerard Lyons for the Policy Exchange think tank.

Source: The Telegraph