July 2020 Summer Economic Update Summary

The Chancellor, Rishi Sunak has delivered a 2020 Summer Economic Statement update outlining the Government’s plans to protect, support and create jobs as we enter the ‘Recovery Phase’ of the Cornavirus pandemic. VAT VAT on food, non-alcoholic drinks, accommodation and attractions in the hospitality and tourism industry is to be reduced from 20% to 5% … Continue reading July 2020 Summer Economic Update Summary