The Chancellor will make a statement to the House on Wednesday 8 July. He will outline plans to support the economy. The Chancellor’s statement is being labelled as a ‘summer economic update’.

https://researchbriefings.files.parliament.uk/documents/CBP-8957/CBP-8957.pdf

  1. Plans include a new £2bn scheme to create thousands of job placements for young people
  2. The chancellor announces a temporary change to stamp duty – immediately increasing the threshold to £500,000
  3. Temporary cut to VAT on food, accommodation and attractions from 20% to 5% is announced
  4. Chancellor announces new job retention bonus for employers who bring back furloughed staff
  5. A £2bn “green homes grant” to help make homes more energy efficient is also unveiled

https://www.bbc.co.uk/news/live/uk-politics-53333253

https://www.gov.uk/government/news/rishis-plan-for-jobs-will-help-britain-bounce-back

About Eirlys Jones

Eirlys is the Head of Operations at North Wales Tourism and can be contacted at eirlys.jones@nwt.co.uk or connect with her on LinkedIn you can also follow her on Twitter @EirlysJones5