VAT rise to 20% will lead to job cuts and £3.6bn fall in consumer spend

Shopping on high street

A rise in VAT to 20% would lead to 163,000 job losses and reduce consumer spending by £3.6bn, according to the British Retail Consortium (BRC).

 

Already have an account?

Want to read more?

Register for LIMITED guest access

Register now

Get premium access

£5 A MONTH for 3 months

Subscribe now