Jacques Borel: Beer-duty escalator scrap is 'good sign' for VAT campaign

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VAT cut hospitality Jacques Borel
The Government’s decision to scrap the beer-duty escalator is a “good sign” for the campaign to reduce VAT on the sector to 5%, the man leading the industry’s lobbying effort on VAT has said.

Jacques Borel called Chancellor George Osborne’s move “a burst of fresh air for the industry”. “It’s undoubtedly a good sign. I’m as hopeful as I was before [about securing a VAT reduction].

“I think what happened with the Chancellor was inevitable. I want to thank Mr Osborne. He made a courageous decision, and a reasonable decision. The Chancellor said he wouldn’t be drawn on the possibility of a VAT cut for the industry. It means VAT Club Jacques Borel will have to continue to analyse and inform.”

Industry veteran Borel added: “So far the Treasury is not convinced [on the argument to reduce VAT]. But when a salesman visits any potential buyers the first answer is ‘no’.”

Related topics: Beer

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