Market news
08.07.2020, 12:13

UK's finance minister Sunak: Government to invest GBP1 billion in work and pensions department to support the unemployed

  • UK to temporarily cut stamp duty tax on home purchases up to GBP500,000 and the scheme will run till March 31, 2021
  • Confirms GBP2 billion green homes grant
  • VAT on hospitality and tourism to be cut from 20% to 5% for the next 6 months
  • In August, we will give everyone eating out discount; meals will be cheaper from Monday to Wednesdays
  • Customers can enjoy up to GBP10 off meals and non-alcoholic drinks per person in eligible cafes, pubs and restaurants.
  • Economic measures announced total GBP30 billion


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