Lex Butler, Chair, HBAA says: "An immediate 12 month cut on VAT for business accommodation rates, venue rates as well as services for organising and presenting meetings and events is vital to stimulate business and to encourage people to meet face-to-face and stay overnight in accommodation again. We also need a delay in payment of Corporation Tax.
“Otherwise we will see much higher losses to our workforce than the over 30 per cent redundancies from July onwards that we forecast recently.
"The pressure that the arts industry has been mounting has generated special financial support. HBAA has continually lobbied for such support across our industry saying that a similar package is needed. We must receive this specific support now to boost our business, increase customer confidence, to save jobs and our industry."
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