Reevesâs tax cut on childrenâs meals a political âsoundbiteâ, say restaurateurs

Chancellorâs measure to help families save money during summer holidays âwonât make any differenceâ Cutting tax on childrenâs meals is a political âsoundbiteâ that will make little difference to families or businesses, restaurateurs have said. This week, Rachel Reeves, the chancellor, announced a temporary reduction in VAT on the childrenâs menu in restaurants from 20% to 5% between June and September, in order to help families with the cost of living crisis and offer a boost to the hospitality sector. It is part of a package including free bus journeys for under-16s in England in August and cuts to import taxes on some basic foods under a âGreat British summer savingsâ campaign. But there are questions over how much of the savings will be passed on to consumers, with many restaurateurs claiming childrenâs food is often already sold at a loss. Will Murray, the owner of London restaurant Fallow, serves up a childrenâs menu featuring pizza, cheeseburgers and grilled fish from between £5 and £10. âItâs such a small soundbite that wonât make any difference,â he said. âMost kidsâ food is already discounted at the cost of the restaurant anyway: the V
Source: For the complete article, please visit the original source link below.