In his Summer Economic Update, as part of the ongoing government support during the COVID-19 crisis, the Chancellor announced a new Eat Out to Help Out Scheme for restaurants to offer a discount to diners and encourage them to eat at restaurants.
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In his Summer economic update's ‘Plan for Jobs 2020,’ the Chancellor announced funding for new green initiatives aimed at creating jobs, helping those on low incomes and assisting the UK to meet its target of net-zero greenhouse gas emissions by 2050.
In his Summer economic update, as part of the ongoing government support during the COVID-19 crisis, the Chancellor announced a temporary reduction to Stamp Duty Land Tax (SDLT) on residential property in England and Northern Ireland.
In his Summer economic update, the Chancellor has announced a Job Retention Bonus scheme aimed to ensure employers bring back furloughed staff and keep them in employment for the next six months.
In his Summer economic update's ‘Plan for Jobs 2020,’ the Chancellor announced new schemes to help young unemployed people, create more apprenticeships and support those who lose their jobs to get back into the labour market quickly. This is part of the ongoing support from the government during the COVID-19 pandemic.
Chancellor of the Exchequer, Rishi Sunak, made his Summer economic update on Wednesday 8 July 2020. We outline his new measures designed to assist in reviving jobs and the economy following the outbreak of the Coronavirus. With predictions that the world will suffer its worst-ever economic recession, the Chancellor anticipates that the UK's economy has shrunk by 25%.
The Financial Reporting Council (FRC) has published ‘Objectives, outcomes and regulation’, outlining its plans to separate the UK’s Big Four accounting firms' audit operations by 2024.
The UK government has launched a £200m Sustainable Innovation Fund in an effort to support new projects focusing on sustainable economic recovery from COVID-19. Round one funding is already open.