The British government has announced new measures to revitalize the economy by 30 billion pounds (33 billion euros).
According to Arabia Net, measures include reducing the value-added tax for some sectors, subsidies for building renovations, and assistance for the employment of young people.
"We are entering into the second stage of our economic response to the serious recession caused by the Covid-19 outbreak," he said, adding that it will be focused on returning to work. And combating youth unemployment.
He emphasized that any unique situation requires an ability to innovate. The conservative minister, who is very popular, revealed a measure designed to help restaurants, one of the sectors most affected by the Covid-19 outbreak, as institutions were forced to close for three and a half months.
In August the government will pay half of the value of meals eaten in restaurants where 1.8 million people work in Britain, at a cost that does not exceed 10 pounds per person. p>
The British Chancellor of the Exchequer announced a reduction in the value-added tax from 20% in normal days to 5% on goods and services in the hospitality sector, including bars, restaurants, hotels and parks And zoos ... representing four billion pounds.
He mentioned that the epidemic and isolation caused a historical contraction of 25% of the economy in March and April.
Among other measures announced are the abolition of a tax on the purchase of real estate whose prices do not exceed 500 thousand pounds, and the provision of three billion pounds for the renewal of heating appliances in housing and government buildings and two billion pounds to support thousands Six-month work contracts for young people under the age of 25.
