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How much will Rishi Sunak's generous new covid policies cost the taxpayer?

The Chancellor announced a new scheme to support the restaurant indsutry: PA
The Chancellor announced a new scheme to support the restaurant indsutry: PA

The Chancellor Rishi Sunak’s summer statement is set to cost some £30 billion on top of the existing programme of furloughing and coronavirus loan schemes.

The job retention bonus which pays companies £1000 for every employee who is brought back from furlough will set the chancellor back £9.4 billion.

The Kickstart Scheme for apprentices aged 16 to 24 will cost £2.1 billion.

Stamp duty relief being extended to £500,000 house purchases until next March will cost £3.8 billion.

Eat out to Help out, the voucher scheme to encourage people into restaurants midweek, will cost £500 million.

The measures are in addition to the job creation package in infrastructure announced by the Prime Minister on 30 June. These add up to £5.6 billion.