Sunak’s discount dining scheme boosts restaurants

Restaurants and pubs enjoyed a much-needed uplift in visitors this week as the prospect of a half price meal encouraged people out of their homes. 

More than 73,000 restaurants have signed up to the ‘eat out to help out’ scheme which launched this week and gives customers a 50pc discount on their food bill when they dine in from Monday to Wednesday throughout August. 

The Government funded initiative, which is capped at £10 per head, has already made a significant difference to booking levels at many restaurants.

“Demand has been incredible, we could probably have sold the table three times

Read More

Financial lifeboat scheme extends deposit protection amid bank failure fears

Savers are to be offered greater protection against bank failures, amid concerns that the coronavirus pandemic has increased the likelihood of financial firms collapsing.

The Financial Services Compensation Scheme is the industry lifeboat fund which compensates customers who have lost money to failed financial institutions. Deposits with British banks, building societies and credit unions are normally protected up to £85,000 per person.

However, there is additional protection for customers who have temporarily high balances of up to £1m. This may be because the proceeds of a house sale have been deposited in their account or they have received a large

Read More

Government extends Help to Buy scheme to allow for coronavirus delays

The Government has announced a small extension to the Help to Buy equity loan scheme to allow for delays caused by coronavirus – but the change falls short of housebuilders’ hopes.

The building deadline for new homes sold through the scheme will be extended by two months, from the end of December 2020 to February 28 2021. But the March 31 2021 deadline for most sale completions remains the same. 

Where necessary, extensions may be granted for homebuyers who have experienced severe delays because of the pandemic and reserved properties before June 30. These buyers will get an extension to

Read More

Why the Chancellor’s ‘kickstart’ scheme won’t help university graduates

Aspiring lawyers, accountants and other ambitious university graduates have been left behind by the Government’s new ‘kickstart’ scheme as it will push young people into low-paid work with minimal career progression, jobs experts have said. 

Today Chancellor Rishi Sunak announced a £2bn package to get 16 to 24-year-olds into work by directly paying their wages for six months. However it will only be available to people on Universal Credit, excluding the majority of university leavers, and they will be offered just 25 hours work a week, paid at the national minimum wage. 

Peter Cheese of the CIPD, a trade body

Read More