The United Kingdom Government has delivered its Summer Economic Update in Parliament and set out a package of measures to support jobs and help the UK economy recovers from the COVID-19 pandemic.

This include:

  • A one-off £1,000 Job Retention Bonus per employee to help firms keep furloughed workers;
  • A £2 billion Kickstart Scheme to create hundreds of thousands of new, fully subsidised jobs for young people across the country;
  • A £2 billion Green Homes Grant scheme to pay for green improvements;
  • Reducing the rate of VAT on most tourism and hospitality-related activities to 5% from 20%;
  • Providing a 50% reduction for sit-down meals in cafes, restaurants and pubs across the UK from Monday to Wednesday every week throughout August 2020 to encourage people to safely return to eating out at restaurants.

Read the Economic Update.

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