Summer Economic Statement Review

09 Jul 2020

The Chancellor of the Exchequer has announced a series of measures this week to try to aid the UK economic recovery by protecting jobs and to support struggling businesses. The Chancellor sees this as Phase 2 of 3 phases to deal with the economic fallout from the Covid-19 pandemic. Phase 1 being the various support packages such as the Job Retention Scheme and the Self-Employed Income Support Scheme to name but a few. Phase 3 will be in the Autumn and focused on rebuilding through a Budget and a Spending Review.

Our team have pulled together all the key points and information on these new updates into a document. Please click the download button if you would like information on:

• The Kickstart Scheme
• The Job Retention Bonus
• Employment Support Schemes, Training and Apprenticeships
• Tourism and hospitality sectors
• A Green Recovery Package
• Stamp Duty Land Tax (SDLT)
• Additional Funding

Please note that some of announcements here may only affect England and Northern Ireland due to the devolved powers being transferred to both Scotland and Wales.