Summer Economic Update 2020

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Our summary of the Chancellor’s Summer Economic Update is now available to view on line and download here…

Chancellor Rishi Sunak presented the Summer Economic Update against a backdrop of economic uncertainty caused by coronavirus (COVID-19) lockdown.


Our summary of the Summer Economic Update provides an overview of the key announcements arising from the Chancellor’s speech. Measures include a new Job Retention Bonus to support the phasing out of the Coronavirus Job Retention Scheme (CJRS), a VAT reduction for businesses in the hospitality and tourism sector and a temporary increase to the nil-rate band of residential Stamp Duty Land Tax (SDLT).

Additionally, throughout the Summary you will find informative comments to help you assess the effect that the proposed changes may have.

If you would like more detailed, one-to-one advice on any of the issues raised in the Chancellor’s speech, please do get in touch.

 

More articles on financial support during Covid 19 for businesses

 

The Rawcliffe & Co team is available via phone or email Monday to Thursday 9-5pm and 9 – 4:30pm on Fridays.

 

Tel: 01253 798812
Email: info@rawcliffeco.com