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Eat, drink, be merry
Key points
- Bonus for employers to encourage the retention of furloughed workers.
- The kickstart scheme supports employers taking on new workers.
- Payments to restaurants and the like to encourage eating out.
- VAT reductions for food some beverages and accommodation.
- A temporary stamp duty land tax reduction to stimulate house buying and the construction industry.
On 8 July 2020 at about 12.30pm Rishi Sunak stood up in parliament to present his summer economic update or as variously described his mini-budget or summer statement. He was a man with a plan and this was in the accompanying policy paper document entitled A plan for jobs 2020 (tinyurl.com/ycr28wlq).
Having dealt with the first stage of the immediate threat of the virus the government in this second stage now wants to get...
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