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.

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