Reeves cuts VAT on summer days out to 5% as part of cost of living support
by Heather Stewart Economics editor from World news | The Guardian on (#75S7G)
Chancellor says she will raise tax on global oil giants to help meet costs of plans and confirms freeze on fuel duty increases
Rachel Reeves will cut VAT to 5% on summer attractions such as theme parks and softplay centres during the school holidays, as she aims to ease the impact of the war in Iran on cash-strapped households.
The chancellor told MPs on Thursday she would also raise more tax from global oil firms operating in the UK, to help meet the costs of her plans.
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