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.
Here’s all the schemes and initiatives that could help slash your family budget.
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.
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.
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.
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.
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.