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Top UK chefs urge 10% VAT rate for pubs and restaurants
Four leading UK chefs are pressing ministers to cut hospitality VAT from 20% to 10%, warning pubs and restaurants are under mounting financial strain.
VAT cut to lower some family days out this summer
Rachel Reeves has announced a temporary VAT cut for some summer family outings, alongside free child bus travel and targeted food import tax cuts.
UK borrowing costs hit 18-year high amid Starmer uncertainty
UK government borrowing costs rose sharply Tuesday, with 10-year gilt yields briefly hitting 5.13% amid uncertainty over Prime Minister Sir Keir Starmer.
UK 30-year borrowing costs hit highest level since 1998
UK long-term borrowing costs reached a 28-year high, adding pressure on public finances as markets watch the Iran war and elections.
UK prices could stay higher for eight months after Iran war, minister says
A senior UK minister warned energy, food and flight costs could remain elevated for at least eight months after the Iran war is resolved.