UK hatches £30bn plan to save jobs and pump life into battered economy
Rishi Sunak gives tax cuts on home-buying and dining out, and a bonus for employers who retain staff
08 July 2020 - 17:09
London — UK chancellor of the exchequer Rishi Sunak has set out a radical blueprint to save jobs and pump life into the coronavirus-battered economy, including tax cuts on home-buying and dining out, and a new bonus for employers who don’t fire their staff.
“We face profound economic challenges,” he said in the House of Commons on Wednesday, laying out a stimulus package he intended to expand on in a budget and spending review in autumn. “In just two months, our economy contracted 25% — the same amount it grew in the previous 18 years.”..
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