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Shadow chancellor Ed Balls calls for temporary VAT cut

27 September 2011 by
Shadow chancellor Ed Balls calls for temporary VAT cut

Shadow Chancellor Ed Balls yesterday raised the possibility of a temporary cut to VAT to help boost the UK economy.

Balls, who was speaking at the Labour Party Conference in Liverpool, stopped short of making a concrete pledge on the issue and there were few details on what shape such a cut should take, but he told the Coalition Government that moves such as a cut to VAT were "immediate steps" that it could take to support the economy.

The call adds weight to the growing case for a cut to VAT in the hospitality sector. Caterer and Hotelkeeper‘s Slash VAT, Boost Business campaign has made the call for a drop in VAT to just 5% to create thousands of new jobs in the sector.

Click here to sign the petition.

By Neil Gerrard

E-mail your comments to Neil Gerrard here.

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