Restaurants across the UK are preparing to lower prices on their menus as the government temporarily reduces sector VAT by more than £4 billion.
For a six-month period, VAT will be trimmed on meals, accommodation and attractions – diving from 20 to 5per cent.
This will enable the hospitality sector to lower prices and subsequently attract more customers.
Chancellor Rishi Sunak announced the VAT amendments in July, along with an “Eat Out to Help Out” scheme that entitles customers to 50 per cent off (up to £10 per head) at participating venues.
VAT (Value Added Tax) is paid on goods and services – but is often already included as part of the advertised price.
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The government is hoping that these short-term changes will help to reboot the economy.
Pubs, cafes and restaurants were forced to close for the best part of three months when COVID-19 gripped the country, surviving solely on takeaway services.
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However, with lower VAT in place, some of the bigger chains are in a position to lower the prices of their hot food and drink for a temporary period.
Here are the brands who’ve already confirmed they’ll be offering discounts from today (15 July).
KFC
KFC UK & Ireland
KFC was quick off the mark to announce some price cuts in the wake of new VAT rates.
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Earlier this week, the fried chicken chain confirmed on Twitter they’d be serving half-price boneless buckets and shaving a few quid here and there off other ‘fan favourites’.
“It’s welcome news,” said a spokesperson.
“Equally, our fans have been amazing over the past few months, so we are rolling out price reductions across our menu too.”
It’s worth noting, however, that whilst the low VAT rates are around until January, this special offer is not.
£4.99 boneless buckets are only available from today (15 July) to Sunday (19 July).
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KFC has, however, promised more “fantastic deals” in the coming weeks.
McDonald’s
Wikimedia Commons
McDonald’s is asking its UK franchisees to trim prices on various items in the wake of the VAT cut.
The Golden Arches is recommending that its restauranteurs apply discounts to breakfast and coffee, as well as popular classics like the Big Mac, the Quarter Pounder and Chicken Nuggets.
Extra Value Meals could see 40p reductions, with customers also set to enjoy 30p off Happy Meals and 50p off morning meals.
Many McDonald’s venues are still operating limited menus around the UK, with the gradual reintroduction of seasonal/exclusive items being added over time.
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Nando’s
Pixabay
Nando’s has also jumped on the bandwagon and promised to offers discounts for customers – but not just on a few select items.
Nope. The South African restaurant is passing on VAT savings across its whole menu (except items that don’t qualify, like alcohol and cold food) for eat-in, delivery and click and collect.
So, from today (15 July), you can order a Nando’s and enjoy bigger savings on the bill than ever before.
On a quarter chicken, for example, you’ll pay 55p less.
Global coffee chain Pret also piped up on Twitter this morning (16 July) to confirm they’d be cutting prices across their menu in the coming days.
As of yet, there’s no confirmation as to which items will be subject to discounts, but coffee and hot food could be candidates.
Pret wrote on social media: “We’re passing back temporary VAT savings to our lovely customers.
“So over the next few days, you’ll notice lower prices on your favourite coffees, hot food and a few other treats.
“Cheers!”
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We're passing back temporary VAT savings to our lovely customers. So over the next few days, you’ll notice lower prices on your favourite coffees, hot food and a few other treats. Cheers! pic.twitter.com/lLWlulUdHt
Starbucks, too, has gotten in on the act and elected to lower the cost of coffee for customers from July.
The coffee chain announced on Tuesday that they’ll be passing on the full VAT discount in company-operated stores, meaning customers will get to enjoy lower prices.
The discounts will apparently be applied to drinks and hot meals.
Other venues with Starbucks licenses are being left to choose where to offer discounts; so certain prices may remain standard in some premises.
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Manchester Metropolitan University announce landmark partnership with MCR Basketball
Danny Jones
Manchester Metropolitan University (MMU) and Manchester Basketball have detailed a renewed and landmark partnership that looks set to nurture the next generation of talent.
Joining forces with MMU, this is not only the latest effort by MCR Basketball to further invest in young players and grassroots sports here in Manchester, but yet another example of further education creating viable routes into the game for their sporting stars of the future.
While the two organisations already boast an established relationship, this next step in their continued teamwork should prove even more fruitful for both parties, as the still only recently relaunched local basketball side looks to raise its profile in the city.
Confirming their intent to further intertwine their youth development setup and plans to innovate pathways for players, representatives from both met to confirm the announcement this week.
🤝 New partnership to drive basketball innovation & develop future talent. @ManMetUni & Manchester Basketball have announced a new strategic partnership to advance research, education and development of basketball to inspire the next generation of talent. #RepTheCity
With existing coaching staff already working between the two and both of the male and female training camps based over at Platt Lane Sports Complex, it only feels like a natural fit.
Moreover, this increased collaboration between the two is also a promising prospect for MMU Sport, specifically, meaning much more than just the sharing of facilities at the likes of Platt Lane over in Fallowfield and the National Basketball Performance Centre at Belle Vue.
As well as pooled resources, this will also crucially create potential opportunities for those at the uni or preparing to graduate, including student internships and more.
Claire Bradbury, Manchester Basketball CEO, said in an official statement: “As basketball in Manchester enters a new era, we’re excited to formalise our partnership with Manchester Metropolitan University.
“This is a true collaboration bringing together elite, professional basketball and leading academic sports expertise to create opportunities that support the development of players, staff and students.
Together we are investing in the future of basketball to grow the game in our region and working to establish the city of Manchester and Manchester Basketball as one of the leading basketball hubs in Europe.”
Man Met are looking pitch-perfect for the region’s leading ‘college ball’ feeder club, to use more American terminology, already.
Laura Hickman-Sparkes, MMU’s Head of Business Engagement and Partnerships at the Institute of Sport, went on to say: “Basketball is entering an incredibly exciting period, with growing participation, investment and visibility across Europe.”
For example, as well as the Super League Finals having been held at the AO Arena, the city is also most notably hosting a regular season NBA fixture at Co-op Live – a historic moment, to say the least.
“We’re delighted to be partnering with Manchester Basketball at such an important time and look forward to creating opportunities for our students”, she adds, “supporting innovation through research and helping to grow the game across Manchester and beyond.”
In other MMU Sport-related news, their very own ‘Visiting Professor’, who has only just retired from the professional circuit, is also set to fly the flag for the institution and disabled athletes across the country.
Featured Images — Publicity pictures (supplied via Manchester Basketball/Peter Simmons)
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New Prime Minister Andy Burnham announces VAT cuts on household electricity bills over winter
Emily Sergeant
It’s been less than 24 hours since Andy Burnham officially became Prime Minister, and he’s already announced his first measure.
After giving his first speech as Prime Minister outside the doors of Number 10 yesterday, where he said he intended to ‘give people some breathing space’ straight out the gate, it has now been announced that millions of households across the UK will benefit from immediate action to help with their electricity bills this winter.
The Government says it wants to address the cost of living crisis first and foremost, and will do this by tackling rising bills with a tax cut to remove VAT from domestic electricity bills from 1 October, just in time to impact the next Ofgem price cap.
This immediate action applies and is funded for this financial year.
The cost of this immediate action for this financial year is being funded from the £1.8bn Digital ID programme – which Burnham also announced he would be scrapping.
Any further action – including on funding for longer-term measures – will be taken at the Budget, alongside an Office for Budget Responsibility (OBR) forecast, and all decisions at that point will continue to be funded with the Government’s fiscal rules, it has been confirmed.
Cutting VAT on electricity bills is expected to take around £45 off the yearly Ofgem price cap in October, and this is on top of the £150 removed from bills at the last Budget.
All suppliers are expected to pass the VAT reduction on to all customers, including those on fixed tariffs.
Small businesses who qualify for the domestic energy VAT relief and are not registered for VAT, as well as charities and residential care homes eligible for the reduced rate, will also benefit.
“I said I wanted to give people breathing space, and that’s what I’m announcing on my second day as Prime Minister. We’re taking immediate action to cut taxes on energy bills, put more money in people’s pockets, and bring back hope.”
The Manc -
15th July 2020 
