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  • Peter Backman

End of furlough and VAT rise looms...


The financial crisis of ten years ago unleashed a range of international, societal and political issues, some of which we are only now becoming slowly aware of. And a similar, slow dawning of the resulting issues will also be the case with covid… In the numbers in my Weekly Briefing Report, I consider the impact of 1 October – when the furlough scheme comes to an end and VAT in the hospitality sector increases from 5% to 12.5%.

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