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Which voucher schemes did Rishi Sunak announce today? From Eat Out to Help Out to £5,000 energy saving discount
RISHI Sunak announced a bumper package of measures to help consumers in his "mini-Budget" in the House of Commons today.
Among them are several schemes including £5,000 vouchers to make homes more environmentally friendly and a scheme to get half price on your restaurant bills.
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Here's all the schemes and initiatives that could help slash your family budget.
£5,000 towards making your home more energy efficient
The government will launch its "Green Homes Grant Scheme" in September.
Under this scheme, hundreds of thousands of homeowners will be able to access vouchers of up to £5,000.
The poorest families will also be able to access vouchers of up to £10,000.
The Government will cover at least two thirds of the cost that homeowners in England spend on green upgrades.
Those on the lowest incomes will not have to pay anything towards their improvements.
The £2billlion scheme is part of a wider £3billion investment from the government in green technology.
According to Treasury figures, it could help families save up to £300 a year on energy bills.
What was announced in the mini-Budget?
CHANCELLOR Rishi Sunak has announced a £30billion "plan for jobs
The changes were announced in what's been described as a "mini-Budget" following the coronavirus.
Here's what the Chancellor announced:
- Young people hired by firms will get their wages subsidised by the government under its £2billion Kickstart Scheme
- House buyers will see stamp duty cut on homes up to £500,000 until next year - we've explained how it will work
- Households will get £5,000 in energy saving vouchers to help them insulate their homes - here's what you need to know
- Businesses will be given a £1,000 bonus for each employee they bring back from furlough
- Pubs and restaurant bills will be slashed by £10 a head in August
- VAT will be cut from 20 per cent to 5 per cent for businesses in the hospitality and tourism industry
The cash can be spent on a range of environmentally friendly additions to your home.
This includes loft, wall and floor insulation, eco-friendly boilers, heat pumps, double or triple-glazed windows, low-energy lighting and energy-efficient doors.
It is hoped that the policy will create jobs for local tradesmen, who will be able to offer their services to consumers through a bespoke website from September.
'Eat Out to Help Out' scheme
The government has also pledged to slash the cost of eating out in August to help Britain's restaurants get back on their feet.
If you dine out from Monday to Wednesday in August, the government will pick up half the tab, the Chancellor announced today.
The is count is capped at £10 per person, and it even includes children's meals, although sadly it won't cover any booze ordered to go with your food.
A family of four would see an £80 restaurant bill reduced to just £40. Meanwhile, a meal out for two that costs £20 will be reduced to £10, but a £25 meal for two will be slashed to £15 because of the £10 cap.
Businesses will need to register with the scheme on Gov.uk before offering the discount so check your local has signed up before booking a table.
What else has been announced today?
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Rishi Sunak revealed a number of schemes that will give Brits a boost following a difficult few months due to the coronavirus pandemic.
Cheap staycations are on the table this summer as the Chancellor today announced that VAT will be slashed by 15 per cent on food, accommodation and attractions.
The tax will drop from 20 per cent to 5 per cent from next Wednesday.
Other initiatives will appeal to employers. For instance a new scheme which allows them to receive £1000 for every worker they re-employ from furlough.
Employers can also rake in £2000 for taking on trainees and apprentices, in a move designed to bump up youth employment.
Under this scheme, firms will receive £2000 for every apprentice taken on over the next six months.
It will also pay for businesses to take on apprentices over 15 years of age with a bonus of £1,500.
Also regarding jobs, 16 to 24 year olds hired by employers will see their wages partially paid by the government.
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This will cover the minimum wage for a maximum of 25 weeks, with firms able to top up the rest.
Meanwhile, there is good news for potential home buyers as the stamp duty will be cut for all houses up to £500,000 for the next six months.
Rishi Sunak announces temporary holiday on stamp duty on the first £500,000 of all property sales in England and Northern Ireland
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