KFC slashes cost of boneless bucket in half as it cuts prices due to VAT cut

KFC is cutting the price of its boneless bucket tomorrow from £10 to £5 – as it slashes prices due thanks to the VAT cut.

VAT is being cut from 20 per cent to 5 per cent tomorrow, as Chancellor Rishi Sunak announced in his mini-Budget last week.

The tax cut is due to last until January 2021 – but the fast food chain is only slashing boneless bucket prices until July 19.

KFC isn't cutting prices across the board either. Instead it's reducing the price of sharing buckets by £1 and slashes "fan favourites" by 50p.

We've asked KFC what "fan favourites" will be and how long the cuts will last for, and will update this story when we know.

Normally, a boneless bucket – which comes with 10 mini fillets – costs £10 but the "boneless budget bucket" will cost £4.99 in the deal.

The other price drops that come in from tomorrow will see you save on your KFC meal.

Prices vary depending on the branch, but typically a family feast six piece sharing bucket will cost £12.99 instead of £13.99, while a party bucket will set you back £24.99, down from £25.99.

Mr Sunak's tax cut is set to last for six months in bid to get Brits eating out again to boost the economy during the coronavirus crisis.

In response, Wetherspoons has promised to pass the savings from the duty drop onto customers by cutting prices by up to 28 per cent from tomorrow.

KFC says that it will be running more deals in the coming weeks so keep your eyes peeled.

The fast food giant has also promised to register for the Chancellor's Eat Out to Help Out scheme that will see Brits dine-out for the half price.

The government will pick up half the bill – up to £10 per head – when you eat out on a Monday, Tuesday and Wednesday throughout August.

In a statement on Twitter, KFC said: "The VAT reduction comes at a time of continuing economic uncertainty, so it’s an important initiative in terms of supporting our restaurants and teams, as well as the recovery of our whole sector. It’s welcome news.

"Equally, our fans have been amazing over the past few months, so we are rolling out price reductions across our menu too."

More to follow…

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