Chancellor to deliver Summer Economic Update

Chancellor Rishi Sunak will deliver the Summer Economic Update today, in which he will announce measures to help boost the UK economy following the coronavirus (COVID-19) lockdown.

Call 01443 209209 or email enquiries@paulevansandco.co.uk

Chancellor Rishi Sunak will deliver the Summer Economic Update today, in which he will announce measures to help boost the UK economy following the coronavirus (COVID-19) lockdown.

The Chancellor is expected to cut taxes in order to help the UK economy recover following the COVID-19 lockdown.

Experts predict that the Chancellor will reduce VAT for businesses in the hospitality sector and outline further plans to increase investment in training and apprenticeship schemes.

Many also anticipate a six-month stamp duty holiday which would see the stamp duty threshold raised temporarily from £125,000 to between £300,000 and £500,000.

Additionally, the government recently announced a £1.6 billion bespoke package of loans and grants to help the UK's arts and heritage sector recover from the lockdown. The Chancellor is expected to provide funds to other sectors in order to support growing industries.

Some also believe that a so-called 'wealth tax' could be announced by the Chancellor. This would take the form of a levy on individuals' personal wealth.

The Summer Economic Update will be delivered at midday today. We will keep you up to date on the key announcements.

Our services

We have a range of financial and support services to help you run your business in a more efficent, cost-effective and profitable manner.

Our Services

Latest news
Contact Details

Please call:
01443 209209

Paul Evans & Co (Accountants) Ltd, The Parade, Church Village, Pontypridd, Mid Glamorgan CF38 1BY

Home | Contact us | Site map | Accessibility | Disclaimer | Help | Cookie Policy

© 2020 Paul Evans & Co (Accountants) Ltd. All rights reserved. powered by totalSOLUTION

Paul Evans & Co (Accountants) Ltd is registered in England & Wales. Registered company number: 05989543
Registered office address: The Parade, Church Village, Pontypridd, Mid Glamorgan CF38 1BY