Sunak Gambles 30 Billion Pounds on Plan to Save U.K. Economy
- Chancellor cuts stamp duty, VAT on hospitality and tourism
- Employers to get a 1,000-pound bonus each worker they retain
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Rishi Sunak set out a 30 billion-pound ($37.6 billion) blueprint to save jobs and inject confidence into the U.K.’s coronavirus-battered economy.
In a statement to Parliament, the Chancellor of the Exchequer announced tax cuts on home-buying and dining out, and a new bonus program for employers who don’t fire their staff.