Lets hear it for the UK Government! - Yes, they may not have got everything right (such as support for the self employed) but with the Furlough scheme extended to October, grants provided to the retail and hospitality sectors to support the economy this package further alleviates some of the pressure faced by businesses.
Jobs Retention: Employers who bring back furloughed staff and continuously employ them through to January 2021 will be paid a £1,000 bonus per employee as long as they are paid at least £520 on average a month.
Apprenticeships: Employers will be paid £1,000 to take on trainees and up to £2,000 to hire young apprentices.
VAT cut for hospitality industry: And there was more for the hard-hit hospitality industry as Mr Sunak announced a VAT cut on food, accommodation and attractions from 20 per cent to 5 per cent from July 15 to January 12.
‘Eat Out to Help Out’ discount among measures to get customers back into restaurants, cafes and pubs. Meals eaten at any participating business from Monday to Wednesday during August will be 50 per cent cheaper, up to a maximum discount of £10 per head for everyone.
Stamp duty slashed: The Chancellor confirmed that stamp duty was being abolished on transactions below £500,000 until March 31, 2021 – effective immediately.