Food chains’ VAT joy

MCDONALD’S, Nando’s and Pret A Manger are among food chains planning price cuts for customers as £4.1 billion of VAT cuts come into force.

The Government has slashed VAT on hot meals, accommodation and attractions from 20% to 5% for the next six months.

However, not all hospitality firms are expected to pass the full benefit of the tax cut on to customers, after taking a severe hit from the coronavirus crisis.