PM - 'If we leave the EU, will VAT be reduced by 5%?'

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Radio 4,1 min

'If we leave the EU, will VAT be reduced by 5%?'

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Listeners have a lot of questions about the European Union and the UK's referendum on whether to leave or remain. PM asked the �鶹��'s Europe correspondent Chris Morris and Assistant Political Editor Norman Smith to answer a selection. Norman Smith answers Charmi McCutcheon's question: "If we leave the EU, will VAT be reduced by 5%, as I understand that is a figure set by the EU?" (Photo: Sign in shop window advertising VAT cut. Credit: �鶹��)

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'If we leave the EU, will VAT be reduced by 5%?'