Delivering his Summer Economic Update in Parliament, the Chancellor announced a package of measures to support jobs in every part of the country, give businesses the confidence to retain and hire, and provide people with the tools they need to get better jobs.
As the UK enters the second phase in its recovery, the Chancellor’s plan is designed to support jobs by focusing on skills and young people, create jobs with investment in shovel-ready projects and greening our infrastructure, and protect jobs through a VAT cut for the hospitality sector and a landmark Eat Out to Help Out discount scheme for diners.
The Chancellor said that following this second phase focusing on jobs, there will be a third phase focusing on rebuilding, with a Budget and Spending Review in the autumn.
The Chancellor of the Exchequer, Rishi Sunak MP said:
"Throughout this crisis I have never been the prisoner of ideology. For me, this has never just been a question of economics, but of values. We believe in the nobility of work. We believe in the inspiring power of opportunity. We believe in the British people’s fortitude and endurance. Our plan has a clear goal: to protect, support and create jobs. It will give businesses the confidence to retain and hire. To create jobs in every part of our country. To give young people a better start. To give people everywhere the opportunity of a fresh start."
Lucy Allan MP said:
"Once again the Government has exceeded all expectations with a comprehensive and generous package to drive our economic recovery and protect jobs. The Government's £30 billion package announced by the Chancellor today will give hope to thousands of people in Telford."
You can read the Chancellor's full letter to MPs detailing the measures outlined in the scheme below.
