Rishi Sunak looks more and more certain today to slash the VAT in a bid to revive the economy in the middle of coronavirus collapse.
Amid fears that many companies are facing bankruptcy because of the impact of locking, the Chancellor has ordered officials to develop options for cutting the sales tax in the coming months.
Moving can be a boost to businesses, that were forced to close for months, in the framework of the draconian restrictions to fight against the pandemic.
Although there was a surge when the non-essential retailers are allowed to reopen last Monday, the trade is still running at only 40% of normal, according to the Sunday Times. The country is facing the worst recession since 300 years, with the 1980s, the levels of unemployment.
It comes as Boris Johnson is about to unveil a new ‘a metre higher, the social distance is pronounced in the days and to give the British the green light for the holidays, and haircuts.
Rishi Sunak (the photo of the visit to a bookstore last week) looks more and more certain today to slash the VAT in a bid to revive the economy in the middle of coronavirus collapse
The VAT has been reduced following the Credit crisis, and there are numerous signs indicate that the overall rate could be reduced from 20% to 17% or even 15%.
That would cost the Treasury billions and drive up the public debt even further, but the companies have more ways to offer discounts and consolidate their finances.
The PM is sure to reduce by half the existing social distancing guidance – as long as other protections such as face coverings are used in a crucial moment for the fight against the disease on Tuesday.
The next phase of locking, the release of 4 July will also hairdressers to roll up the shutters in a boost to thousands of hairdressers and millions of shaggy-haired Brits in need of a trim.
The united KINGDOM holiday of the season is going to start in a fortnight, when the Prime Minister gives the green light to hotels and holiday parks to reopen.
Downing Street insists no final decision has yet been taken on the reboot of the £130billion a year, within the tourism industry, but the Mail on Sunday has been told an announcement could come with a whole series of other moves on Tuesday.
New rules are then likely to be sent to British tourism chiefs-by the end of the week.
As the infection rate continues to decline, scientists have rubber-stamped the re-opening of salons, safety deposit box, a change of tack, hailed by the nation’s 30,000 hairdressers.
‘It’s going to be a big rush to get an appointment when it is announced officially,” a Whitehall source told the Sun, while cautioning that it will not be a harbinger of a return to ” normal “, such as the face coverings will be required.
Figures last week showed that the public finances are already creaking under the strain with the government borrowing £55billion in May alone
The united KINGDOM yesterday reported 128 new coronavirus deaths, the lowest on Saturday the figure since the lockdown was imposed in March, bringing the total to 42,589.
The threat level was downgraded on Friday after the scientists confirmed that the epidemic is declining by four percent of all the days, and the reproduction R rate has remained below one.
As ministers of the attention is diverted from the fight down the virus to save the economy, they are willing to revise the two-meter rule one meter of more.
The reduced half people to keep only one meter of distance that one takes precautions such as meeting in the outside, and with a face covering, according to the Sunday Telegraph.
Mr. Johnson relaxation of the draconian restrictions will provide a lifeline for the besieged holiday industry, which will be open for business on the 4th of July – Independence Day of America.
But it is understood that, although the hotels and bed and breakfasts will be allowed to open then, the tourist sites of shared facilities, such as campsites, will have to wait longer before receiving the green light.
The encouraging signs have fuelled a growing clamour of the tourism industry for a specific date from which he may begin to accept bookings of new and clear guidelines on how it will operate.
Millions of families are desperately waiting to know if they will be able to take advantage of the summer vacation, after having spent three months in solitary confinement, while the holiday bosses say that limbo has cost billions of pounds of lost revenue.