Shepherd Neame joins VAT campaign
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Kent brewer and pub owner
Shepherd Neame has joined a campaign to slash Vat on pubs and other
hospitality outlets as a way of creating 300,000 jobs.
The 300-year old Faversham-based
business says a cut to 5% in Vat on food, drink and accommodation
would boost investment and employment for young people.
The campaign - launched ahead of
the Chancellor’s March 21 Budget - is led by French leisure
entrepreneur Jacques Borel.
It has been given £240,000 of
funding by the Independent Family Brewers of Britain representing
private family-run brewers like Shepherd Neame.
They believe that cutting Vat to
5% in the UK hospitality sector would create up to 320,000 jobs,
many of them in the 16 to 24-year-old age group which has been
hardest hit by the jobs crisis, with more than a million now on the
dole.
Shepherd Neame chief executive
Jonathan Neame said: "A reduction in Vat will stimulate jobs and
investment in local and rural communities. This approach has
already created jobs in Germany, Belgium, Sweden and France and we
think it will work here.
"Each pub contributes an average
of £80,000 to its local economy each year but licensees are
struggling because they are hampered by excessive tax increases and
legislation."
Hospitality and tourism sectors
would create jobs "relatively quickly and at relatively low
cost."
Tuesday, January 24 2012
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