{"id":3810,"date":"2020-07-09T08:45:45","date_gmt":"2020-07-09T07:45:45","guid":{"rendered":"https:\/\/www.goodmanjones.com\/blog\/?p=3810"},"modified":"2023-06-12T15:44:41","modified_gmt":"2023-06-12T14:44:41","slug":"summer-statement-2020","status":"publish","type":"post","link":"https:\/\/www.goodmanjones.com\/blog\/summer-statement-2020\/","title":{"rendered":"Summer Statement 2020"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-3814 alignright\" src=\"https:\/\/www.goodmanjones.com\/blog\/wp-content\/uploads\/2020\/07\/iStock-1224623805-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.goodmanjones.com\/blog\/wp-content\/uploads\/2020\/07\/iStock-1224623805-300x200.jpg 300w, https:\/\/www.goodmanjones.com\/blog\/wp-content\/uploads\/2020\/07\/iStock-1224623805-1024x683.jpg 1024w, https:\/\/www.goodmanjones.com\/blog\/wp-content\/uploads\/2020\/07\/iStock-1224623805-768x512.jpg 768w, https:\/\/www.goodmanjones.com\/blog\/wp-content\/uploads\/2020\/07\/iStock-1224623805-1536x1024.jpg 1536w, https:\/\/www.goodmanjones.com\/blog\/wp-content\/uploads\/2020\/07\/iStock-1224623805-2048x1365.jpg 2048w, https:\/\/www.goodmanjones.com\/blog\/wp-content\/uploads\/2020\/07\/iStock-1224623805-624x416.jpg 624w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>Not many people knew very much about Rishi Sunak at the beginning of this year, but 6 months later and he has become one of the most well known faces in British politics. Eventually he will need to turn his attention to how we will all pay for the measures introduced to protect the economy through the Coronavirus crisis, but for the moment the emphasis remains on spending money to protect jobs.<\/p>\n<p>Given that the wealth of any nation and its people can be measured in terms of the productivity of its workforce, I don\u2019t think many people will disagree with the importance of trying to protect the jobs market, and as every employer knows, it is far more difficult to recruit new workers than retain existing ones, so the measures to keep staff in place shows a welcome understanding of the real problems businesses are facing.<\/p>\n<p>The measures introduced in the Chancellor&#8217;s summer statement were categorised into three areas:<\/p>\n<ul>\n<li>Supporting jobs \u2013 aimed at the whole business workforce with a job retention bonus for furloughed employees, the Kickstart program to provide work placement for 16-24 year olds, traineeships and payments to employers hiring new apprentices.<\/li>\n<li>Protecting jobs \u2013 aimed mainly at the <a href=\"https:\/\/www.goodmanjones.com\/who-we-help\/leisure-and-hospitality\">hospitality and leisure sector<\/a> including a temporary VAT cut on meals, non-alcoholic beverages, accommodation and attractions and the \u201cEat out to help out\u201d scheme providing discounts on eating out.<\/li>\n<li>Creating jobs \u2013 aimed mainly at the <a href=\"https:\/\/www.goodmanjones.com\/who-we-help\/property-and-construction\">housing and construction sector<\/a> with a temporary increase in the Stamp Duty Land Tax threshold to \u00a3500,000 (although no reduction in the second home higher rate charge) and the \u201cGreen Homes Grant\u201d of up to \u00a35,000 for making homes more energy efficient.<\/li>\n<\/ul>\n<p>For more details of the measures introduced, see\u00a0 our summary of the Chancellor&#8217;s <a href=\"https:\/\/www.goodmanjones.com\/blog\/wp-content\/uploads\/2020\/07\/Summer_Statement_July_2020.pdf\">Summer_Statement_July_2020<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Not many people knew very much about Rishi Sunak at the beginning of this year, but 6 months later and he has become one of the most well known faces in British politics. Eventually he will need to turn his attention to how we will all pay for the measures introduced to protect the economy[&#8230;] <\/p>\n<div class=\"brown_button\"><a class=\"more-link\" href=\"https:\/\/www.goodmanjones.com\/blog\/summer-statement-2020\/\">Read More<\/a><\/div>\n","protected":false},"author":16,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[884,471,468,16,11],"tags":[947,944,945,946],"class_list":["post-3810","post","type-post","status-publish","format-standard","hentry","category-business-tax","category-individuals-families","category-news","category-tax","category-uk-business-entrepreneurs","tag-eat-out-to-help-out","tag-fiscal-statement","tag-kickstart","tag-sdlt-holiday"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Summer Statement 2020<\/title>\n<meta name=\"description\" content=\"The measures introduced in the Chancellor&#039;s summer statement were categorised into three areas:Supporting jobs \u2013 aimed at the whole business workforce with a job retention bonus for furloughed employees, the Kickstart program to provide work placement for 16-24 year olds, traineeships and payments to employers hiring new apprentices.Protecting jobs \u2013 aimed mainly at the hospitality and leisure sector including a temporary VAT cut on meals, non-alcoholic beverages, accommodation and attractions and the \u201cEat out to help out\u201d scheme providing discounts on eating out.Creating jobs \u2013 aimed mainly at the housing and construction sector with a temporary increase in the Stamp Duty Land Tax threshold to \u00a3500,000 (although no reduction in the second home higher rate charge) and the \u201cGreen Homes Grant\u201d of up to \u00a35,000 for making homes more energy efficient.\" \/>\n<meta name=\"robots\" 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that their affairs are structured to take advantage of the tax reliefs available. His experience from working with HMRC ensures that he is more than adept at understanding the view from the other side, to the benefit of his clients. Richard advises entrepreneurs, owners of family businesses and partners in professional practices and provides advice on planning from both a personal and worklife perspective.","url":"https:\/\/www.goodmanjones.com\/blog\/author\/richard-vergegoodmanjones-com\/"}]}},"_links":{"self":[{"href":"https:\/\/www.goodmanjones.com\/blog\/wp-json\/wp\/v2\/posts\/3810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.goodmanjones.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.goodmanjones.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.goodmanjones.com\/blog\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/www.goodmanjones.com\/blog\/wp-json\/wp\/v2\/comments?post=3810"}],"version-history":[{"count":8,"href":"https:\/\/www.goodmanjones.com\/blog\/wp-json\/wp\/v2\/posts\/3810\/revisions"}],"predecessor-version":[{"id":3820,"href":"https:\/\/www.goodmanjones.com\/blog\/wp-json\/wp\/v2\/posts\/3810\/revisions\/3820"}],"wp:attachment":[{"href":"https:\/\/www.goodmanjones.com\/blog\/wp-json\/wp\/v2\/media?parent=3810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.goodmanjones.com\/blog\/wp-json\/wp\/v2\/categories?post=3810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.goodmanjones.com\/blog\/wp-json\/wp\/v2\/tags?post=3810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}