TGI Friday’s, the 53-strong bar and restaurant brand led by Karen Forrester, has joined the Jacques Borel VAT Club, the campaign that aims to persuade the Government to reduce VAT in the hospitality sector to 5%.
The Jacques Borel VAT Club now has 35 members from across the pub, restaurant and foodservice market, including Pizza Hut, Roadchef, Subway, JD Wetherspoon, Charles Wells, Fuller’s, Shepherd Neame and St Austell.
Forrester, chief executive of TGI Friday’s, said: “We have seen from the results of VAT reductions in other countries that there is a direct link to job creation through growth in the eating out industry.
“At Friday’s we are continually focused on people development and job creation, which in turn drives shareholder value so we see this as a chance to grow our family further.”
Borel said: “I’m delighted to be able to welcome TGI Friday’s to membership of my VAT campaign. A targeted VAT reduction is a great way for the Government to generate employment in a cost-effective way.”
