Chancellor’s measure to help families save money during summer holidays ‘won’t make any difference’ Cutting tax on children’s meals is a political “soundbite” that will make little difference to families or businesses, restaurateurs have said. This week, Rachel Reeves, the chancellor, announced a temporary reduction in VAT on the children’s menu in restaurants from 20% to 5% between June and September, in order to help families with the cost of living crisis and offer a boost to the hospitality sector. Continue reading...