Summer Economic Update 2020

Date: 09/07/20

Summer Economic Update 2020

Yesterday the Chancellor, in his Summer Economic Update, announced a number of new measures that aim to secure the UK’s economic recovery from Coronavirus. The announcements include a temporary reduction to VAT for the hospitality industry, increased thresholds for Stamp Duty Land Tax, rewards for employers who retain previously furloughed staff and discounts for eating out. For full details of all the measures announced see our ‘Summer Update Newsletter’ at the link below.



Paul Wilkinson FCA

Author: Paul Wilkinson FCA

A former pupil at Lancaster Grammar School, Paul moved away from the area and completed his training with KPMG in Birmingham, qualifying as a Chartered Accountant in 1989.  He returned to Lancaster and joined Scott &...

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