![Rishi Sunak [Credit: Number 10 Flickr] Pleas for VAT cut ignored in Spring Statement](https://boutiquehotelnews.com/wp-content/uploads/2022/03/51956508541_f29d5c080b_o-800x445.jpg)
Reading Time: 5 minutesUK: Chancellor of the Exchequer Rishi Sunak has raised the national insurance threshold by £3,000 but ignored pleas to keep VAT at 12.5 per cent for the hospitality industry.
![Rishi Sunak [Credit: Flickr] £1bn fund for UK hospitality businesses unveiled](https://boutiquehotelnews.com/wp-content/uploads/2021/12/50379160831_3ea08971dc_b-800x445.jpg)
Reading Time: 2 minutesUK: Chancellor Rishi Sunak has announced a £1 billion fund for hospitality and leisure firms affected by the Omicron variant. The announcement comes as rising