As the UK continues to ease its coronavirus restrictions, economists are trying to figure out when exactly the economy will get back to the size it was in February. In other words: how long will the recovery take? There’s been a lot of talk about a so-called V-shaped recovery, which would be the best possible outcome. But many economists think this is unlikely.
The Chancellor has announced a groundbreaking new scheme to subsidise people's meals in restaurants, dubbed "Eat Out to Help Out". The government will spend £500m giving people 50% off in pubs, restaurants, cafes, and bars that serve food. The scheme will run Monday to Wednesday throughout August and covers all food and non-alcoholic drinks. Diners can claim a maximum discount of £10 per head, including children.
The government has set up a new Green Home Grants scheme worth £2bn to help Brits make their houses more energy efficient. Homeowners and landlords can claim grants of up to £5,000 to spend on eco-friendly renovations such as installing insulation, fitting an eco-friendly boiler, or installing double glazing. The government will cover two thirds of the cost of renovations. Britain's poorest can also claim full grants worth up to £10,000 to cover the same work.