00:00I'm here at one of my favourite wine bars in Woking to ensure that we have an immediate
00:18help for businesses by having a 55% cut in VAT and that should last between now and April
00:2527. That should put money back in people's pockets and help businesses.
00:30Here in Churchpath looking at some of the local businesses here in hospitality, in food and
00:38beverages. We've got Cellar Magneth here, we've got Roz's fruit and veg shop, we've got Jeff
00:45a restaurant as well. They're all local businesses that suffer from Labour's jobs tax with the huge
00:51increase in national restaurants and the Lib Dem proposal as we go into the next budget is that
00:57Rachel Reeves should look to cut 5% off VAT for businesses in hospitality and entertainment.
01:05So do you think a VAT cut 5% trying to make some products a bit cheaper would help you?
01:11I think it would help. I think we've obviously had a very tough year as you know. I think the VAT
01:18would make a big difference going forward. Good, excellent and I think it's those measures
01:24to hopefully help you as a business but help customers as well because I'm not surprised
01:29some customers are struggling to come here because it's just a really difficult way to make ends meet
01:33at the moment. Yeah I think we're seeing sort of a two-fold problem right. It's a cost of living
01:39crisis from a customer perspective and a cost of doing business perspective from ours. So I think
01:45one needs to sort of address both of those things entirely differently.
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