Interview with Nick Varney - General Election 2015

The transcript discusses Chancellor George Osborne's misleading comments on tourism, focusing on the importance of the industry to the UK economy. It highlights the debate over VAT reduction for tourism services, the potential impact of departmental changes, and the economic benefits of tourism, particularly for youth employment. The challenges of tourism competitiveness and the UK's declining position in global markets are also addressed.

What was the main issue with Chancellor George Osborne's comments on tourism VAT?

• He supported a VAT increase on tourism services.

• He confused different tax figures and arguments.

• He ignored the tourism industry's importance.

• He proposed new tourism taxes.

What change is suggested for the Department for Culture, Media and Sport?

• To increase its budget.

• To appoint a new tourism minister.

• To be abolished and tourism moved to the business department.

• To include tourism in its title.

What is a proven benefit of reducing VAT on tourism services?

• Increased government revenue.

• More employment opportunities.

• Decreased international competition.

• Higher tourism prices.

What percentage of tourism sector employees are aged 16 to 24?

• 75%

• 45%

• 30%

• 60%

What is a major factor contributing to the decline in Britain's tourism balance of payments?

• Lack of marketing.

• High price competitiveness.

• Poor infrastructure.

• Limited tourist attractions.