'Plans for Jobs'
Measures to be introduced as part of the ‘Plan for Jobs’ include:
- Job retention bonus - The Government will introduce a one-off payment of £1,000 to UK employers for every furloughed employee who remains continuously employed through to the end of January 2021. Payments will be made from February 2021. Further detail about the scheme will be announced by the end of July.
- Eat Out to Help Out – This scheme is designed by the Government to encourage people to return to eating out. This will entitle every diner to a 50% discount of up to £10 per head on their meal, at any participating restaurant, café, pub or other eligible food service establishment for the entire month of August 2020 across the UK. Businesses are expected to be able to register to participate next week. More information on this scheme can be found here.
- Temporary VAT cut for food and non-alcoholic drinks in hospitality and tourism sectors - From 15 July 2020 to 12 January 2021, to support businesses and jobs in the hospitality sector, the reduced (5%) rate of VAT will apply to supplies of food and non-alcoholic drinks from restaurants, pubs, bars, cafés and similar premises across the UK. The reduced (5%) rate of VAT will also apply to supplies of accommodation and admission to attractions across the UK during the same period. More information on this can be found here.