BREAKING: Rishi Sunak announces cuts to VAT on food, accommodation and attractions. The chancellor said: 'All these and more will see VAT reduced, from next Wednesday until January 12th, from 20% to 5%.' Live updates:
Chancellor announces 'jobs retention bonus' of £1,000 per employee to encourage bosses to keep on staffPeople can get 50% off vouchers in August as part of 'Eating Out to Help Out' schemeRishi Sunak says UK faces 'profound economic challenges'Here are a flavour of industry voices responding to today's announcements:
Thewliss says she supports investment but wants no less than £80bn of new money committed - the level made by Germany.'No extra money for NHS and social care' as waiting list growsOur political editor Beth Rigby explains how all these sums of money break down.Dodds says Labour is not calling for tax rises - but growth instead.
She says there was"muddled confusion" on the issue and that reflects a"broader lack of strategy" on homebuilding - especially of affordable homes.Dodds calls on the government to abandon its"one-size-fits-all approach" to ending the furlough scheme in October. The first thing Sunak should do is prevent additional economic damage due to the"slow public health response" of his government, she says.
"Eat-in or hot takeaway food from restaurants, cafes and pubs, accommodation in hotels, B&Bs, campsites and caravan sites, attractions like cinemas, theme parks and zoos.12:59Stamp duty threshold raised to £500,000"Today, I am increasing the threshold to half a million pounds."And, as is always the case, these changes to stamp duty will take effect immediately.
"And we’ll introduce a brand-new bonus for businesses to hire apprentices aged 25 and over, with a payment of £1,500."Sunak turns his attention to young people graduating or leaving school. The longer people are on furlough the more likely it is their skills will fade and they will find it harder to get a new job, he adds.
As the country enters the second phase of the economic response,"we face profound economic challenges", says Sunak. The PM replies:"Not a sausage, not a jot, not a tittle of the Northern Ireland protocol will provide any such impediment to the unfettered access of goods and services between all parts of the UK."Labour MP Catherine West raisesfor emergency legislation to stop more people becoming homeless.
Colum Eastwood, an MP for the Social Democratic Labour Party, asks if the prime minister will consider working with the Northern Ireland executive to create a freeport in Derry as12:20SNP Westminster leader Ian Blackford also expresses his concerns about hospital parking fees, saying the SNP government in Scotland has already scrapped them.He urges the PM to extend it.
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