Rishi Sunak cuts VAT to save jobs – part of £30b plan
Chancellor Rishi Sunak is to cut VAT on hospitality as part of a £30bn plan to prevent mass unemployment as the economy is hit by coronavirus.
The government will also pay firms a £1,000 bonus for every staff member kept on for three months when the furlough scheme ends in October.
And Mr Sunak announced a scheme to give 50% off to people dining out in August.
The chancellor warned “hardship lies ahead”, but vowed no-one will be left “without hope”, in a statement to MPs
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