Rishi Sunak has cut VAT on food, hospitality and tourism for the next six months.
Beginning from next Wednesday until January 12, VAT will be reduced from 20 per cent to five per cent on purchases including eat-in food, hotels, cinemas, theme-parks and zoos.
The Chancellor has also announced everyone will get “an eat out to help out discount” throughout August.
Meals will be half price for everyone in the country, at any participating business, Monday to Wednesday. A maximum discount of £10 per head, he says.
Businesses can register and claim the money back, with funds in their bank account within five working days, Mr Sunak promises.
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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, despite having a limited political background.
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, without having ever contested an election; he would later become the UK Chancellor of the Exchequer in under five years.
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In This Story: UK
UK is the abbreviated form of the United Kingdom of Great Britain.