LONDON - British finance minister Rishi Sunak will try to restart the country’s economy by giving homebuyers a tax break and cutting value-added tax for pubs, restaurants and other hospitality firms, The Times newspaper reported.
Sunak’s plan is expected to focus on measures to limit a rise in unemployment — including help for job-seekers and trainees — but the measures reported by The Times suggest he also sees a need to boost demand with tax cuts. The Observer reported on Sunday that Sunak was considering a different option — handing out vouchers of 500 pounds for adults, and 250 pounds for children, to spend in sectors hit hardest by the lockdown.
Great, let's start with bringing Vat down to the pre austerity level.
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