As this motion is using historical data, we may not have the record of the original ordering, in which case signatories are listed alphabetically.
That this House recognises the value of the tourism sector; notes that tourism-related businesses lie at the heart of the local community and economy; further notes that 25 out of 28 EU states, including the Republic of Ireland, take advantage of a reduced rate of VAT for some part of their tourism sector, and that this has made a positive impact by increasing investment and jobs; acknowledges that, as a result, localities in the UK that have a high reliance on the tourism sector are at a competitive disadvantage compared to other EU states; highlights the economic study produced by Professor Adam Blake, using the Treasury's own modelling technique, which showed that a cut in tourism VAT could increase gross domestic product by up to £4 billion per year; calls on the Chancellor of the Exchequer to introduce a sector-specific VAT reduction for certain tourism-related products, including accommodation, food and attractions; further notes that a reduced rate of VAT for tourism has been recommended by both the Welsh and Culture, Media and Sport Committees; and further recognises that such a move would provide a much needed boost in exports, would strengthen the wider economy, support job creation and generate investment in local businesses.