In parliament today, chancellor Rishi Sunak announced a series of schemes to support the beleaguered hospitality industry. They are:
- A VAT cut. That comes down from 20% to 5% on food, accommodation and attractions - it takes effect from next Wednesday, 15 July.
- A £1000 bonus, payable in January 2021, for every staff member kept on once the furlough period ends in October
- And an August discount - labelled "Eat Out to Help Out". For participating restaurants, that will give customers 50% off (to a max of £10 each person) throughout August.
For that discount scheme, more will be revealed soon, and a website will be launched on Monday where restaurants can apply. Mind you - you don't have to wait until August to get a good deal when going out - just head to our Offers section right now.
For restaurant goers, this should mean reduced prices when you're going out. For the hospitality industry, it's a much-needed good bit of news for the hospitality industry - here's how they've reacted.
Rishi. Amazing— Oisín Rogers (@McMoop) July 8, 2020
For a huge amount of the country this is a game changer.— Dave Strauss (@AllStrauss) July 8, 2020
Subscribe to hear the latest from Hot Dinners