Slashing VAT in hospitality and leisure businesses, introducing a stamp duty holiday and spending up to £9bn rewarding employers that bring back furloughed staff were just some of the measure chancellor Rishi Sunak announced in his summer statement on Wednesday, planned to boost the UK economy after the coronavirus crisis.
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Rishi Sunak unveils stamp duty holiday and hospitality VAT cut
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In This Story: Rishi Sunak
Rish Sunak is a British Conservative Party MP, who was originally elected as a Member of Parliament in the Richmond (Yorks) constituency in 2015.
His father-in-law is billionaire founder of Indian IT giant, Infosys, NR Narayana Murthy.
Sunak experienced a meteoric rise, first to be selected for the “safest” Conservative seat in the UK, he would later become the UK Chancellor of the Exchequer in under five years.