Apply tapered VAT on turnover over £85k & reduce VAT on food for hospitality

This would support growth, protect jobs, and help prevent closures across the sector. The current VAT system gives a barrier to growth for small businesses, forcing many to limit expansion or risk becoming unviable after crossing the £85,000 threshold. In hospitality and other sectors, rising costs and tight margins are driving closures. A modernised, progressive VAT system and reduced VAT on food would help businesses grow sustainably, protect local jobs, and strengthen communities while still supporting government tax revenue through continued business survival and employment.