Coronavirus crisis: fiscal cost of support measures since the Budget nearly £190bn Date: 13th July 2020 Coronavirus crisis: fiscal cost of support measures since the Budget nearly £190bn In this Perspective Ruth Lea, Economic Adviser to the Arbuthnot Banking Group, discusses the Chancellor`s Summer Economic Update: The Chancellor`s Summer Economic Update, his `plan for jobs`, comprised a £30bn package of support measures, with the emphasis on retaining, supporting, protecting and creating jobs. The measures included the Job Retention Bonus, a `Kickstart Scheme`, a reduced VAT rate for specific industries, a £5.6bn package of infrastructure spending, and reduced Stamp Duty Land Tax. The...
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