Rishi Sunak delivers details on job retentions, apprenticeships, VAT and stamp duty cuts, food discounts and green voucher schemes
UK chancellor Rishi Sunak has unveiled a series of measures that he hopes will create a ‘bounce back’ in the UK economy as it struggles to regain momentum after the Covid-19 lockdown.
Plans include:
· A job retention bonus of £1,000 for every job brought back out of furlough
· A £2bn ‘kick-starter’ work creation scheme for people aged 16-24
· £2,000 for every apprentice taken on over the next six months
· £3bn in energy efficiency schemes
· A six-month VAT cut from 20% to 5% for the tourism and hospitality industries
· Discount vouchers for restaurant meals in August
· An increase of the stamp duty threshold on all home purchases from £125,000 to £500,000 until the end of March 2021
Full details are available on the UK government’s website
