The Official Summer Statement DOOMy thread

[AtW]

VAT on hospitality and tourism - food eating out etc: from 20% to 5% - ok that’s good move

[AtW]

Up to a tenner off to eat In August, Mon-Wed

[AtW]

Not too bad, but worrying how they are trying to really make people go out and eat/drink out, guess it might be last time before really long lockdown in autumn

[AtW]

Not too bad, but worrying how they are trying to really make people go out and eat/drink out, guess it might be last time before really long lockdown in autumn

For that reason I give it DOOM level of 11 out of 10.

[DimPrawn]

For that reason I give it DOOM level of 11 out of 10.

[darmstadt]

Didn't see any talk of where all the money for this or for all the other payments they've made is going to come from....I would have thought that was quite important

[AtW]

Didn't see any talk of where all the money for this or for all the other payments they've made is going to come from....I would have thought that was quite important

They plan it for autumn budget but I reckon things will be so bad that they will delay it till spring, when vaccines will hopefully be available.

To be fair their give aways also not very massive - biggest sting is stopping furlough as planned, costs are astronomical - fraud probably too

[Bluebird]

Stamp Duty cut just for engalnd and NI...but no doubt the scots and Welsh will pay for it.

[PerfectStorm]

Stamp Duty cut just for engalnd and NI...but no doubt the scots and Welsh will pay for it.

The Scots and welsh only have to pay about a fiver of stamp duty as it stands - they're pre-discounted!

[Bluebird]

The Scots and welsh only have to pay about a fiver of stamp duty as it stands - they're pre-discounted!

Welsh Rates are:

Price Threshold	LTT rate
£0-£180,000	0%
£180,000-£250,000	3.5%
£250,000-£400,000	5%
£400,000-£750,000	7.5%
£750,000-£1.5m	10%
£1.5m-plus	12%