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Summer Statement: Key points at a glance | Summer Statement: Key points at a glance |
(about 1 hour later) | |
Chancellor Rishi Sunak has delivered his summer economic plan to help the UK economy recover from the impact of the coronavirus pandemic. | Chancellor Rishi Sunak has delivered his summer economic plan to help the UK economy recover from the impact of the coronavirus pandemic. |
It includes plans to protect jobs, help younger workers and encourage spending with measures such as a VAT cut for leisure activities and a restaurant voucher scheme. | It includes plans to protect jobs, help younger workers and encourage spending with measures such as a VAT cut for leisure activities and a restaurant voucher scheme. |
Here is a summary of the main points. | Here is a summary of the main points. |
'Job retention bonus' to encourage firms to retain furloughed staff | 'Job retention bonus' to encourage firms to retain furloughed staff |
Six-month VAT cut for restaurants, hotels and attractions | Six-month VAT cut for restaurants, hotels and attractions |
Stamp duty cut and 'green homes grant' | Stamp duty cut and 'green homes grant' |
Discount on restaurant meals in August | Discount on restaurant meals in August |
Support for young workers | Support for young workers |
Infrastructure and decarbonisation |
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