UK tourism industry steps up campaign for VAT cut

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UK tourism industry steps up campaign for VAT cut

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The tourism industry in the UK believes a VAT reduction would be revenue neutral and generate £4 billion ($6.4 billion) each year for the economy. It is pressing George Osborne, the chancellor of the exchequer, for a sector-specific rate cut before he unveils his Autumn Statement on tax and spending on December 5.

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