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Transcripts for BBCNEWS World Business Report 20210929 04:40:00

restaurant group now only opens at busy times. we restaurant group now only opens at busy times- at busy times. we still work lunchtime at busy times. we still work lunchtime during at busy times. we still work lunchtime during the - at busy times. we still work lunchtime during the week. at busy times. we still work i lunchtime during the week and we stopped and then we used to run for six days and now we just do four days. run for six days and now we just do four days. the manager said government just do four days. the manager said government support - just do four days. the manager said government support has i said government support has been a lifeline, not only fellow but other measures including the temporary cuts to vat. we play vat or value added tax on a wide range of goods and services on things we buy and services on things we buy and the standard rate is 20%. in july last and the standard rate is 20%. injuly last year, and the standard rate is 20%. in july last yea

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Transcripts for BBCNEWS BBC News 20210929 09:47:00

group now only opens at busier times. ~ , ., group now only opens at busier times. e , ., ., , ., . , times. we use to open at lunch times tiven that times. we use to open at lunch times given that we times. we use to open at lunch times given that we can times. we use to open at lunch times given that we can now times. we use to open at lunch times given that we can now have times. we use to open at lunch times given that we can now have stopped. | given that we can now have stopped. now we given that we can now have stopped. now we just given that we can now have stopped. now we just do four days instead of six. now we ust do four days instead of six. . u, now we ust do four days instead of six. ., ., ,., , , now we ust do four days instead of six. ., ., , , ., now we ust do four days instead of six. ., ., six. the manager says, to support has been a six. the manager says, to support has been a lifeline, six. the manager says, to support has been a lifeline, not

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Transcripts for BBCNEWS Breakfast 20210929 05:34:00

cut vat to 5% for food and drink served in restaurants, cafes and pubs, for accommodation and attractions. from october, that rate rises to 12.5% before returning to 20% next april. firms don t have to pass on the lower rate to customers by lowering prices and many haven t, saying they have needed to pocket the difference to stay afloat. now vat is rising again, andrew is worried because other costs are also going up. the price of ingredients has basically doubled. similarly, staffing, the wages have increased. it is going to make things very difficult to maintain the price structure that we have got already. so prices might have to go up? i think it is inevitable for the industry. i can t think of a single restaurant that we have spoken to or even in the country that is going to be able to stomach the vat rising. a few streets away,

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Transcripts for BBCNEWS BBC News 20210929 13:39:00

we have now stopped. now we just do four days instead of six. the manager says, the support has been a lifeline, not only furlough but other measures including the temporary cuts to vat. we pay vat, or value added tax, and a wide range of the goods and services that we buy and the standard rate is 20%. injuly, last year, the chancellor cut vat to 5% for food and drink served in restaurants, cafes and pubs for accommodation and attractions. from october, that rate rises to 12.5% before returning to 20% next april. firms don t have to pass on the lower rate to customers by lowering prices and many haven t, saying they have needed to pocket the difference to stay afloat. now vat is rising again, andrew is worried, because other costs are also going up. the price of ingredients has basically doubled. similarly, staffing, the wages have increased. it will make things very difficult to maintain the price structure that we have got already. so, prices might have to go up, basically? i think i

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