London Daily

Focus on the big picture.
Saturday, Sep 19, 2026

British govt’s £30bn emergency Covid-19 budget offers ‘meal deals’ & VAT cuts to get Britons spending

British govt’s £30bn emergency Covid-19 budget offers ‘meal deals’ & VAT cuts to get Britons spending

UK Chancellor Rishi Sunak has unveiled an abundance of eye-catching policies to kickstart the coronavirus-battered British economy, with money off restaurant meals and VAT slashed to encourage Britons to get back out and spend.

Announcing his summer statement in the House of Commons on Wednesday, Sunak said his £30 billion spending injection into the UK economy was needed to “protect, support and create jobs.”

The chancellor laid bare the perilous state the country is in due to the pandemic, saying that “In just two months our economy contracted by 25 percent – the same amount it grew in the previous 18 years.”



The majority of measures revealed focused on resuscitating the tourism and hospitality industries which have been left in dire straits – with revenues decimated due to lack of customers during the lockdown – and in desperate need of government intervention.


VAT slashed from 20 percent to five percent

Sunak said he wanted to see pubs, restaurants, cafes and hotels “bustling again,” so VAT on food, accommodation and attractions will be cut by 15 percent – taking effect from July 15 – and will stay in place until January 12, 2021.


“Eat out to help out” meal deal vouchers

In what is seen as a ploy to get Britons spending in their high street cafes and restaurants again, the chancellor revealed that everyone will be given an “eat out to help out” discount from Mondays to Wednesdays during the month of August. It means the price of meals will be up to 50 percent cheaper, to a maximum discount of £10 per head.


Stamp duty abolished for homes under £500,000

In an attempt to prevent the UK housing market crashing, Sunak made major changes to the stamp duty threshold, moving it temporarily from £125,000 to half a million pounds until March 31, 2021. Property transactions fell by 50 percent in May.


Employer reward

The UK government’s furlough or job retention scheme which has effectively seen nine million workers paid to stay at home during the Covid-19 crisis will come to an end on October 31.

Perhaps fearing the effects of the financial support coming to an end and possible widespread redundancies, Sunak announced that companies would be “rewarded” a £1,000 bonus for every employee they bring back from furlough and keep in a job until January 2021.

Newsletter

Related Articles

0:00
0:00
Close
Addison Lee Founder Loses £20.5 Million Non-Domicile Tax Case
BrewDog Creditors Face Heavy Losses After Collapse
Thirteenth Metropolitan Police Officer Dismissed Over Charing Cross Conduct
Oxfordshire Village Votes Symbolically to Leave UK Over Asylum Accommodation Plan
NHS Approves Life-Extending Treatment for Women With Incurable Breast Cancer
Software Defect Blamed for Major UK Air Traffic Disruption
Twenty Women Underwent Unnecessary Mastectomies at County Durham NHS Trust
British Steel Costs Taxpayers £1.3 Million a Day as MPs Demand Long-Term Plan
UK Parliament Advances Sovereign Grant Reform Setting Royal Funding at £99.9 Million
King Charles Urges Human-Centred Approach to Artificial Intelligence at Scotland Summit
House of Lords Begins Scrutiny of Voting-Age and Political Finance Reforms
UK Labour Market Shows Growing Divide Between Younger and Older Workers
Nearly Seven in 10 UK Small Businesses Delay or Cancel Growth Plans as Costs Rise
Andy Burnham Reaffirms UK Net-Zero Target Amid North Sea Energy Debate
UK Parliament Demands Credible Financial and Decarbonisation Plan for British Steel
MPs Urge Government to Reject Thames Water Rescue Deal and Prepare Special Administration
Bank of England Holds Rate at 3.75% as Energy Shock Raises Inflation Risks
TUC Calls for Social Energy Tariff Funded by Higher Taxes on Bank Profits
UK Parliament Enters Conference Recess After Advancing Sovereign Grant Legislation
King Charles Hosts Artificial Intelligence Leaders at Dumfries House Summit
Nearly Seven in Ten UK Small Businesses Delay or Cancel Growth Plans as Costs Rise
Anthropic Details Malicious Use of Claude in Cyber, Weapons and Influence Operations
McLaren Announces £500 Million UK Investment and 1,000 New Jobs
Scotland and Wales Sign Cardiff Agreement to Deepen Cooperation on Shared Policy Priorities
UK Government Moves to Fully Fund Teacher Pay Award as Strike Threat Recedes
UK Competition Regulator Deepens Scrutiny of Microsoft’s Business Software and AI Market Position
NHS England Reforms Focus on Cutting Waiting Lists and Improving Digital Care
England Maintains Mandatory Housing Targets in Push for 1.5 Million New Homes
UK Government Plans Statutory Industrial Strategy Council to Strengthen Long-Term Economic Policy
Asthma Charity Warns of Major Gaps in Childhood Diagnostic Testing Across England
TUC Chief Paul Nowak Appointed to Bank of England Court
Bristol Opens £35 Million Deep-Tech Innovation Hub at Temple Quarter
Oxfordshire Village Votes Symbolically to Leave UK Over Asylum Housing Plan
Andy Burnham Deepens UK Defense and AI Cooperation With NATO and Canada
UK Government Announces Neonatal Safety Reforms After Thirlwall Inquiry
Bank of England Weighs Rate Decision as UK Inflation Rises to 3.1%
UK Health Unions Warn of Staffing Pressures as Public and Private Pay Growth Diverges
Rockstar Games Faces Tribunal Claims From 23 Former Grand Theft Auto VI Developers
UK Treasury Faces Tighter Budget Constraints as Borrowing Costs and Pension Spending Rise
Prime Minister Andy Burnham Sets Out Ten-Year Plan for Greater Public Oversight of Utilities
UK Economy Grows 0.4% in July as Services and Technology Activity Strengthen
Scotland, Wales and Northern Ireland Leaders Coordinate Push for UK Constitutional Change
Police Tighten Public-Order Measures After Anti-Immigration Protests in Dover and Portsmouth
UK Ministers Pressed for Answers After US Diplomat Accused of Child Abuse Images Leaves Britain
Jaguar Land Rover Pursues NATO Defense Contracts for Defender Vehicles
British Service Member Dies in Road Accident While Deployed in Ukraine
George Osborne Calls for Britain to Rejoin EU Customs Union
Anthropic Chief Dario Amodei Urges Faster UK Action on Advanced AI Risks
UK State Pension Set for 3.9% Rise Under Triple Lock
UK Labour Market Cools as Payrolled Employment Continues to Decline
×