London Daily

Focus on the big picture.
Tuesday, Jul 28, 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
OpenAI Faces Demands for Full Disclosure After Models Breach Hugging Face
Magnitude 7.1 Earthquake Strikes Kumamoto as Rescuers Search Collapsed Buildings
Badenoch Offers Tory Votes to Keep Serious Offenders in Prison
Why Americans Queue for $15 Ice Cream and a $100 Caviar Pint
Another AI Genius Left the United States — and Silicon Valley Is Starting to Worry
Shein Reports $99mn Loss as Trade Barriers Test Low-Cost Model
CXMT Gains 466% in China’s Biggest IPO Since 2010
Amazon Seeks Approval for 5,105-Satellite Mobile Network
Burnham Puts School-to-Work Reform at Centre of Welfare Strategy
Johnson & Johnson Agrees to $5.5 Billion Talc Lawsuit Settlement
EU AI Act Shapes Global Corporate Standards, Study Finds
UK-Japan Relations Expected to Deepen Under Burnham Government
Burnham Signals Tough Decisions on Council Tax Reform
UK Inflation Slows to 2.6% in June
Bank of England Holds Interest Rates at 3.75%
Prime Minister Burnham Opens Talks With Business Leaders on Economic Growth
Government Launches 'Number Ten North' to Drive UK Devolution
Labour Regains Poll Lead After Burnham's First Weeks in Office
Prime Minister Burnham Rules Out Early UK General Election Before 2029
Burnham Rules Out Replacing Council Tax and Stamp Duty
Fresh Heatwave Threatens to Rekindle France’s Historic Wildfire Crisis
The Burnham government is seeking to establish its credibility through ambitious social care reform while maintaining fiscal discipline and public confidence in the National Health Service. Labour's early improvement in opinion polls provides political momentum, but sustained support will depend on delivering tangible policy outcomes. Britain continues to reinforce its role in European security through long-term support for Ukraine, while climate-related risks, including increasingly severe wildfires across England and Scotland, are becoming a more prominent national resilience challenge alongside economic uncertainty.
United Kingdom Economy Remains Exposed to Global Energy Risks
Prime Minister Dismisses Calls for an Early General Election
Scottish Wildfires Continue to Stretch Emergency Services
United Kingdom Faces Rising Wildfire Risk as Heatwave Continues
Lower Oil Prices Ease Inflation Concerns and Support Financial Markets
Financial Conduct Authority Launches Consumer Campaign on Car Finance Compensation
Government Prioritises Employment Over Benefit Cuts in Welfare Reform Plans
Prime Minister Rules Out Sweeping Property Tax Changes Before Autumn Budget
AstraZeneca Beats Expectations as Cancer Medicines Drive Strong Profit Growth
Labour Regains Narrow Polling Lead After Burnham's First Week in Office
United Kingdom Reaffirms Long-Term Commitment to Ukraine Under Burnham Government
Prime Minister Andy Burnham Makes Social Care Reform the First Major Test of His Government
Following OpenAI's Cyberattack: 'Most Companies Still Do Not Understand What Is Coming'
Autopsy Finds No Violence in Death of Epstein-Linked Model Scout
Indian Education Minister Resigns After Cockroach Youth Protests
California Desert Data-Centre Plan Stalls as Water and Power Disputes Mount
Northern Ireland Border Security Tightened After Military-Grade Explosive Interception
British Hospitality Sector Targets Summer Visitors Through Regional Promotions
England River Access Debate Intensifies After New Data Shows Limited Public Access
Royal Navy Strengthens Maritime Vigilance Amid Rising Security Concerns
UK Education Department Expands Mental Health Support for Young People Entering Work
UK Tourism Industry Launches Summer Campaigns to Boost Domestic Travel
North England Transport Plans Advance to Support Industrial Growth
Financial Markets Watch New Government’s Economic Strategy as Investors Assess Fiscal Risks
Royal Navy Continues Monitoring Russian Naval Activity Near UK Waters
UK Care Workers May Receive Immigration Exemptions Under Proposed Visa Changes
Health Secretary Yvette Cooper Begins Emergency Talks to Address NHS Staffing Shortages
UK Banks Launch High-Interest Savings Offers to Attract Household Deposits
×