VAT Cut: A Summer Sigh of Relief, But Will It Last?
The UK government's decision to slash VAT on summer attractions from 20% to 5% is a welcome respite for families struggling to make ends meet amidst rising living costs.
The £300m "Great British Summer Savings" scheme, unveiled by Chancellor Rachel Reeves, includes free bus travel for children and increased tax free mileage rates – measures designed to provide some breathing room for households pinched by the spiraling cost of living.