Chancellor Rachel Reeves cuts VAT to 5% on family attractions and children's meals this summer

UK Chancellor Rachel Reeves has announced a temporary cut in VAT for some family attractions and children’s meals this summer, as part of a wider package designed to ease cost-of-living pressures. According to BBC reporting, the reduction will lower the tax rate from 20% to 5% on selected summer spending, including tickets for theme parks, zoos, museums, cinemas and other attractions, as well as meals for children in restaurants and cafés. The policy is aimed at helping families during the school holidays, when entertainment costs often rise.