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Posted by: on July 13, 2020

The Chancellor’s summer economic statement

On Wednesday, the Chancellor announced a £159 billion package to tackle the challenges arising from the Covid-19 crisis. In this blog, I will discuss three of the Chancellor’s announcements: the Coronavirus Job Retention Scheme (CJRS) phase-out plan, the series of policies under ‘Supporting Jobs’,[1] and the VAT reduction for the hospitality sector. The Office for […]

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Posted by: on July 7, 2020

A temporary VAT rate cut may get us spending, but would it speed the recovery?

As the hospitality sector and high street shops begin to re-open, should the UK government introduce a temporary VAT rate cut to boost consumer spending? Other European countries are considering such a measure, and Germany has already cut its VAT rate from 19% to 16% until the end of the year.[1] The aim of a […]

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