BRITS hoping for some extra spending money will be disappointed to hear that a £500 shopping voucher scheme didn't make it into today's mini budget.
Chancellor of the exchequer, Rishi Sunak, has left the measure – which was suggested to help jump-start the UK's ailing economy – out of his speech this afternoon.
⚠️ Read our coronavirus live blog for the latest news & updates
The scheme was initially suggested by the Resolution foundation, an independent think-tank focused on improving the living standards for those on low to middle incomes.
The idea was that the Treasury could help sectors hit hardest by the crisis including hospitality and "face to face" retail.
At the same time, the measure would help struggling Brits who have suffered from widespread loss of income due to furlough or redundancy.
According to the proposal the cash boost would be "universal" so that all shoppers would be eligible and could be delivered through vouchers or smart cards.
The think tank claimed the scheme would deliver a £30billion stimulus for the retail and hospitality sectors.
But it was never confirmed by the government and now it has been left out of the budget speech, meaning it is unlikely to go ahead.
While the shopping vouchers did not make an appearance in the mimi-budget, Chancellor Rishi Sunak did announce an Eat Out voucher to support restaurants.
Brits who dine out Monday to Wednesday in August will only have to pay for 50 per cent of the tab, the Chancellor Rishi Sunak announced today.
This scheme sat alongside a whole raft of measures to help businesses.
These include a cut on VAT for pubs and restaurants to help protect jobs and plans for a new apprenticeship scheme.
Recently, the government also unveiled a £1.4billion recovery package for the arts industry.
This is designed to help save theatres and live music venues which are still on lockdown because of coronavirus.
Home buyers will also benefit from a stamp duty holiday in a bid to inject life into the housing market during the coronavirus crisis.
Almost half of businesses with furloughed workers expect to cut some staff when scheme ends.
If you do face redundancy – here's six industries that will boom after Covid-19 – and what jobs will be on offer.
Here are nine websites, apps and tools to help you if you’re looking for a job, including free CV resources.
CORONAVIRUS CRISIS – STAY IN THE KNOW
Don't miss the latest news and figures – and essential advice for you and your family.
To receive The Sun's Coronavirus newsletter in your inbox every tea time, sign up here.
To follow us on Facebook, simply 'Like' our Coronavirus page.
Get Britain's best-selling newspaper delivered to your smartphone or tablet each day – find out more.
Source: Read Full Article