Retailers warn of VAT cut increasing coronavirus risk | Business


Retail bosses have raised private concerns about a temporary drop in VAT, warning it that it could result in treatment for species that could increase the spread of the coronavirus.

On a call between some of the largest high street chains and the Department of Business, Energy and Industrial Strategy last Thursday, it appeared that there is more dynamic for a VAT cut in the context government attempts to revive the economy.

However, sources have revealed that the bosses at Primark, the chain’s fashion cut, have expressed reservations. They said that since the VAT had been cut in Germany, the staff at its 27 stores there had reported an increase in the amount of money they processed, because prices were more in round numbers. He is heard


Please enter your comment!
Please enter your name here