UK chancellor Rishi Sunak has unveiled a series of measures that he hopes will create a ‘bounce back’ in the UK economy as it struggles to regain momentum after the Covid-19 lockdown.

Plans include:

·      A job retention bonus of £1,000 for every job brought back out of furlough

·      A £2bn ‘kick-starter’ work creation scheme for people aged 16-24

·      £2,000 for every apprentice taken on over the next six months

·      £3bn in energy efficiency schemes

·      A six-month VAT cut from 20% to 5% for the tourism and hospitality industries

·      Discount vouchers for restaurant meals in August

·      An increase of the stamp duty threshold on all home purchases from £125,000 to £500,000 until the end of March 2021

Full details are available on the UK government’s website