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Tourism deserves a break, says Lawrence Bailey

By South Wales Evening Post  |  Posted: August 12, 2014

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I'VE sounded off before on how tourism is the Cinderella sector in business world.

That's why I'm backing proposals to reduce VAT 20 per cent to five per cent for Welsh tourism operators.

The Cut Tourism VAT group insist reducing the rate would boost the Welsh economy by almost £170million a year and create almost 6,000 jobs.

At the very least dropping the rate to seven per cent would bring the UK in line with France and Germany.

As you would expect, the Treasury has set its face against any cut in taxation despite business leaders stating it would lead to lower prices, increased investment and more job creation.

Ten MPs from all four political parties in Wales have signed an early day motion calling for the UK government to reduce VAT on accommodation and attractions. I hope that more join them.

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