Here are five things you need to know about the coronavirus outbreak this Wednesday evening. We'll have another update for you on Thursday morning.
1. Chancellor cuts VAT on hospitality to 'save jobs'
Rishi Sunak is to cut VAT on hospitality as part of a £30bn plan to save jobs and limit the economic impact of coronavirus. The government will also pay firms a £1,000 bonus for every staff member kept on for three months when the furlough scheme ends in October. Mr Sunak also unveiled a £2.1bn "kickstart scheme" to create more jobs for young people and a temporary stamp duty holiday to stimulate the property market. So how might the changes affect your finances? What is VAT? And how will the stamp duty holiday work?
2. 'Vital' Scottish measures and '£500m extra for Wales'
The 2020 Ryder Cup has become the latest sporting event to be postponed for a year because of the coronavirus pandemic. The biennial golfing event between the United States and Europe was due to be held at Whistling Straits, Wisconsin on 25-27 September. But it has now been rescheduled for 24-26 September 2021 so that it can be staged safely with spectators present.
5. Diners to get 50% off bill in 'eat out to help out' deal
Those fancying a meal out also got a welcome boost in the chancellor's emergency plan, with diners set to get a 50% discount off their restaurant bill during August as part of the measures to restart the economy amid the coronavirus pandemic. The "eat out to help out" deal will allow people to get up to £10 off per head if they eat out between Monday and Wednesday.
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