Opposition, consumers and employers welcome cut on VAT but expect little impact

Jacqueline Mugo, Executive Director FKE speaks during a press briefing. [Wilberforce Okwiri/Standard]

Manufacturers and consumers lobby groups have welcomed the proposed 50 per cent reduction of value added tax imposed on petroleum products.

Opposition chiefs Raila Odinga and Kalonzo Musyoka applauded President Uhuru Kenyatta's move that is expected to reduce the cost of living.