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KFC, Nando's and McDonalds lower prices after VAT cut

From 15th July 2020, a temporary 5% VAT rate was granted to the hospitality sector by chancellor Rishi Sunak. It will run until 12th January 2021. 

It will be a positive boost to many industries, including the following: 

  • Cafes
  • Pubs
  • Restaurants
  • Holiday accommodation
  • theatres
  • circuses
  • fairs
  • amusement parks
  • concerts
  • museums
  • zoos
  • cinemas
  • exhibitions 

Nandos, Pret A Manger, KFC, Mcdonalds, Whetherspoon and Starbucks, have all made the decision to slash prices, giving up to 100% of the reduction in VAT on to their customers. (15% reduction)

Many other businesses will not pass on the reduction to their customers, instead choosing to use this to buffer themselves after the losses suffered through to COVID-19.

 Anyone for a coffee? .... 

  Coffee Photos, 221,000+ High Quality Free Stock Photos

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