British finance minister Rachel Reeves on Thursday announced a temporary cut in value-added tax for tourist venues over the summer to reduce costs for families, one of a range of measures aimed at relieving some of the economic fallout from the Iran war.
Reuters – With Prime Minister Keir Starmer under intense pressure from challengers within his Labour Party, Reeves unveiled a temporary cut in the rate of VAT for attractions including theme parks, zoos and museums to 5% from 20% between June 25 and September 1.
The tax cut will also apply to children's tickets for cinemas and theatres as well as their restaurant meals, and Reeves also said bus travel would be free for children under 15 in August.
Reeves told parliament that the move would "help families and support our hospitality sector".