Haircut costs ‘will increase’ if special hospitality VAT rate given the chop

Haircut costs ‘will increase’ if special hospitality VAT rate given the chop

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Interactive Video

Business

University

Hard

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The transcript discusses the challenges faced by salons due to government policies, particularly VAT increases, and the impact of COVID-19. It highlights the efforts of the federation to support the industry and the difficulties in maintaining operations with increased costs. The discussion also covers changes in consumer behavior, with clients visiting less frequently, and the need for government support to prove the industry's value. The personalized nature of salon pricing is emphasized, along with the challenges of explaining price increases to clients.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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