Dorset Chamber brand Chancellor's announcement a 'meal deal' statement

Dorset Chamber brand Chancellor's announcement a 'meal deal' statement

Published by Maria Greenwood at 9:04am 9th July 2020.

Dorset Chamber of Commerce Chief Executive Ian Girling said the 'Meal Deal' statement delivered by Rishi Sunak has given plenty of food for thought. 

It's after the chancellor's £30 billion support package was announced yesterday, in a bid to boost the economy in the wake of Covid-19.

Firms which have furloughed staff with be given £1,000 per worker to keep them on.

Those wanting to eat out this summer will be given discounts in restaurants in August on Monday's, Tuesday's and Wednesday's. 

Dorset Chamber of Commerce Chief Executive Ian Girling said: 

"Although the 'eat out to help out' giveaway will grab the headlines, the most important focus of this announcement was about jobs.

"The new furlough retention bonus shows how concerned the Government is about mass employment once the scheme ends but it may not be enough for those firms which have been severely hit.

"The leisure, tourism and hospitality sectors in Dorset have been particularly badly affected by the pandemic so the VAT cut will be especially welcome in this sector. 

"Anything which puts more pounds in the pocket of the public, such as the green homes grant, is a good thing while the changes to stamp duty will also be a boost."

DCCI chief executive Ian Girling

Mr Girling also said measures to boost youth employment, traineeships and apprenticeships are welcome, yet may be seen as a short-term fix. 

"As ever the devil will be in the detail with many cash-strapped businesses keen to know how and, importantly, when money would be paid if they sign up to schemes.

"The Chancellor missed an opportunity to cut employer National Insurance contributions and we still have no clear idea how the government is going to pay for all of its emergency measures. 

"But overall, it was a box office speech which will help boost confidence before his Budget in the autumn when we will have much clearer idea of the true impact of the pandemic."