Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, if he will estimate the potential number of jobs that would be created by a reduction in VAT for the tourism industry.
HM Treasury has previously considered the economic analysis provided by the tourism sector on the impact a VAT cut would have on economic growth and jobs. The conclusion the Government reached is that a VAT cut for the sector would not produce sufficient economic growth to outweigh the revenue shortfall.