London Daily

Focus on the big picture.
Monday, Sep 21, 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
British Museum Faces Questions Over Peter Thiel’s Private Bayeux Tapestry Viewing
Earl Spencer Memoir Excerpts Renew Public Debate Over Diana’s Death
Liberal Democrats Gather in Brighton for Autumn Conference
Mothercare Shares Plunge as Middle East Store Closures Threaten Long-Term Solvency
Kent Police Treat Folkestone Hotel Fire as Suspicious
Caribbean Governments Advance Reparations Campaign Seeking Engagement With Britain
Scottish Labour Leader Backs Rosebank and Jackdaw North Sea Projects
FCA Urges Young Adults to Trace £1.5 Billion in Unclaimed Child Trust Funds
UK Competition Regulator Opens Inquiry Into McCormick-Unilever Foods Deal
Public Inquiry Into Tees, Esk and Wear Valleys Mental Health Failings Set to Begin
Nigel Farage Looks to US Immigration Enforcement Model for UK Border Policy
Chiltern Railways Moves Into Public Ownership
Security Review Raises Concerns Over Sensitive UK Police Data Stored on Microsoft Cloud
Burnham Government Warns of Difficult Autumn Budget as Fiscal Headroom Narrows
Bank of England Holds Rates at 3.75% as Inflation Rises to 3.1%
Ed Sheeran Tour Faces Backlash After Macklemore Is Removed Over Pro-Palestinian Remarks
Vandalism of Traffic Cameras Intensifies Across Parts of England
Nearly 300 Evacuated as Fire Hits Grand Burstin Hotel in Folkestone
King Charles Warns AI Executives About Risks From Uncontrolled Technology
Church of England Apologises for Role in Historical Forced Adoption Practices
UK Debate Over Online Speech Intensifies After Arrest Figures Draw Scrutiny
Oxfordshire Village Holds Symbolic Independence Vote Over Asylum Accommodation Plan
Nigel Farage and Richard Tice Sue National Crime Agency Over Alleged Banking Data Leaks
Apple Introduces Stricter Age Checks for UK Accounts
BBC Cash Reserves Fall 66% to £125 Million as Broadcaster Restructures
McLaren Announces £500 Million UK Investment and Plans 1,000 Jobs
Green Party Wins Historic Gorton and Denton By-Election as Labour Falls to Third
Burnham Government Prepares October Budget Under Growing Fiscal Pressure
UK Energy Suppliers Pull Fixed-Price Deals as Wholesale Markets Turn More Volatile
Bank of England Holds Rates at 3.75% as Middle East Energy Shock Raises Inflation Risks
Addison Lee Founder Loses £20 Million UK Tax Tribunal Case
BrewDog Creditors Face Losses on About £190 Million of Debt
Harrods Seeks to Recover Abuse Compensation Costs From Mohamed Al Fayed’s Estate
Ed Davey Targets Reform UK as Liberal Democrat Conference Opens
Great Britain Retail Sales Rise 0.5% in August
NHS England Approves Life-Extending Treatment for Incurable Breast Cancer
Proposals to Limit NHS ADHD Diagnoses Draw Criticism From Patient Groups
Resolution Foundation Warns of Housing Cost Crunch for Low-Income UK Families
BBC Cash Reserves Fall to Decade Low as Annual Deficit Reaches £121 Million
Millisecond Software Error Triggered Major UK Air Traffic Control Disruption
Twenty Women Underwent Unnecessary Mastectomies During NHS Cancer Care
Sensitive UK Police Data Found Vulnerable to Access by Foreign Actors
British Steel Faces Renewed Pressure for a Long-Term Financial Plan
MPs Urge Government to End Thames Water Restructuring Talks With U.S. Hedge Funds
Andy Burnham Warns of Difficult UK Budget Choices as Inflation Returns to 3.1%
England Tightens School Food Standards With Restrictions on Deep-Fried and High-Sugar Foods
Oxfordshire Village Votes Symbolically to Leave UK Over Proposed Asylum Centre
Michael Marra Elected Leader of Scottish Labour
BBC Cash Reserves Fall Sharply as Financial Pressures Mount
George Osborne Calls for UK to Rejoin EU Customs Union
×