Rishi Sunak has announced today the economic schemes for post-coronavirus, and they include some pretty big changes.
Mr Sunak announced a £2bn kickstart scheme designed to create jobs, incentives for businesses to bring people off furlough, VAT cuts, a stamp duty holiday plus more.
Details of how this package will be paid for – by tax increases and borrowing – are expected to be unveiled in the chancellor’s Autumn budget.
Here’s a breakdown of his main points:
Members of the public who have been placed on furlough as part of the government’s Job Retention Scheme are aware that this is coming to end in October, but many people have been concerned for the future of their jobs.
Mr Sunak today announced an incentive for businesses to bring back those employees that are on furlough, with a £1,000 bonus for every person they bring back into the workplace.
He said: “So for businesses to get the bonus, the employee must be paid at least £520 on average, in each month from November to the end of January – the equivalent of the lower earnings limit in National Insurance.”
The chancellor has also announced a £2 billion kickstart scheme that will pay employers to create jobs for people aged between 18 and 24. The government emphasised that they need to be ‘good jobs’, and the government will pay six months of wages plus an amount to cover overheads. The grant for a 24-year-old will be around £6,500.
There will also be a new £2,000 payment to firms who take on apprentices. This is alongside an unspecified amount of funding for career advisors.
On top of that, there’ll be traineeships to get young people ready for work, including work experience placements and work preparation for 16-24-year olds.
Tourism & Hospitality
The chancellor has cut VAT for the tourism and hospitality sectors on food, accommodation and attractions from the usual 20% to 5%, which will come into effect from next Wednesday and last until January 2021.
Mr Sunak has also announced that everyone in the country will be given 50% off meal and drinks for the whole of August through a ‘Eat Out to Help Out’ scheme.
This scheme sees a 50% reduction up to a value of £10 per head on sit down meals and non-alcoholic drinks Monday to Wednesday.
The chancellor hopes this will get 1.8 million people who work in the hospitality industry back in jobs and ‘customers back in restaurants, cafes and pubs’.
Businesses can claim the money back from the government and the funds will appear in their bank account within five working days.
More details on the Eat Out to Help Out scheme are yet to be confirmed.
It is currently being debated as to whether the reduced VAT will be passed onto the consumer in lower prices as many in the sector will consider this as an opportunity to shore up their finances and ail their business.
Buying a Home
If you’re in the market for house-buying, the chancellor announced a stamp duty holiday which could save you thousands.
The rate at which stamp duty will be placed on a home has been increased from the usual £125,000 to £500,000 in England and Northern Ireland, with immediate effect until March 31st.
The stamp duty holiday hopes to get people buying houses again, a sector which suffered a big drought throughout coronavirus.
The chancellor explained that on average people buying a home could save £4,500, and current homeowners moving on could see savings as big as £14,999.
Many people have expressed concerns regarding how this will help first-time buyers. Around 16% of housing sales in England are not liable for stamp duty as is the case with first-time buyers.
Currently, first-time buyers only pay a 5% stamp duty on houses between £300,000 and £500,000 which means this scheme will not affect new buyers directly.
Those buying a new home or second home will reap the benefits of this scheme.
Green Home Grant
Mr Sunak has announced a budget for home improvements that will help your home become ‘greener’, for instance, double glazing, eco-friendly boilers, low-energy lighting, energy-efficient doors and loft, floor or wall insulation.
The scheme will start in September and will see the government pay for at least two-thirds of the cost of home improvements that save energy, up to a value of £5,000.
Low-income households are expected to receive a larger contribution of up to £10,000.
This is expected to create new jobs and enable the UK to achieve its 2050 goal of net-zero carbon emissions. More information can be found here.
Inside the Wigan home ‘frozen in the 1970s’ that’s on the market for the first time ever
This is ICONIC!
If you love the ’70s you’ll love this house that is going on the market for the first time, which will transport you to the decade of platforms, flares and shag pile carpet.
The family home in Wigan is thought to be going on the market for the first time ever, but inside is a ’70s lover’s dream.
Throughout the entire house is décor from the decade, including a retro orange sofa, plenty of frosted glass and shag carpets of course.
It’s three bedroom and is tucked away in Parbold on Croasdale Drive.
Estate Agent Regan and Hallworth say that ‘despite requiring extensive modernisation’ the house ‘has an undeniably timeless appeal’.
You’ll also find teak wood storage units in just about every room, and plenty of earth-toned accessories throughout.
There’s a huge copper fire place in the living room complimented by dark brown walls and a patterned ceiling.
The kitchen is covered with white cabinets with a wood trim, an unusual corner sink situation, plus a fitted microwave on the lower half of the cabinets.
The bathroom is covered in dark marble tiles and a frosted window above the bath, complimented by gold furnishing and trims on both the toilet and sink – plus a gold shower!
For all the quirky features the house is actually surprisingly minimalist, it’s bright and has a big open plan living room.
It’s also been designed with an upside-down layout meaning the bedrooms are on the ground floor while the living room is on the second floor, taking advantage of the views over the trees.
The house is located on a leafy lane and features a glass-front, extensive driveway space with a double garage and plenty of greenery to enjoy from your orange sofa.
Regan and Hallworth add: “We don’t believe that ‘Beech Hill’ has ever been on the open market before and offers an incredibly rare opportunity for a wide range of buyers to purchase a home of true distinction with tons of potential without having to pay the huge premium you normally expect to pay to live in one of West Lancashire’s most sought after locations.
“Available with the added benefit of no upward chain, early viewing is highly recommended.”
Offers are in excess of £400,000. Find out more info here.
A look back at Manchester’s greatest nightclubs and venues
How many have you been to?
Over the years numerous iconic nightclubs, bars and pubs have disappeared from Manchester. Some of these venues have been legendary, others, well, were just a bit dodgy.
Either way, if you visited one it will have left a lasting impression – whether this is positive or negative is another question entirely.
With that in mind, what better time to take a little trip down memory lane and remember some of the forgotten clubs of our city. Enjoy…
Piccadilly 21s was a ‘90s party paradise located in Piccadilly Gardens. It had a reputation for being very loud, very messy and very sticky, with cheap drinks to boot – there were even chandeliers in the bogs.
Unfortunately it also had a reputation for being rough as owt, after it managed to attract gang members and other unsavoury clientele in the late ‘80s and 90s, and it eventually shut down in 2004.
These days it’s a Premier Inn and a Nando’s – so the floors are probably just as sticky to be fair.
Besides having a name which would prove a branding nightmare for modern PR-led venues, Rotters boasted some of the best parties in the city, after it took over the site from Romanoff’s.
Located at the top of Oxford Road, in the ‘70s and ‘80s Rotters was a hugely popular nightclub, especi
It was housed inside the old Gaumont Cinema, and sadly the whole building was demolished in 1990 and replaced by an NCP car park.
Pips, located behind the cathedral, was a popular nightclub in the ‘70s, and was frequented by local musical celebs like Joy Division, Ian Brown, Morrissey and Johnny Marr.
It boasted four different rooms playing a variety of music, including a Punk room, Soul room and the infamous Roxy room with a huge Brian Ferry painting on the wall.
Pips closed in the early ‘80s before becoming a club called Konspiracy – which closed not long after.
The Plaza was one of the city’s most popular venues to dance to the likes of Sinatra and Elvis in the ‘60s, and was located on Oxford Street.
Owned by Jimmy Savile, the disgraced DJ pioneered lunchtime disco sessions for the city’s young workers, where you could grab a quick lunch and soft drink while having a dance.
It later turned into Tiffany’s in the ‘70s, complete with fake palm trees and loads of disco balls, before finally becoming Tropicana, which closed in the late ‘80s. It’s now a Pizza Express.
We couldn’t do a list of iconic Mancunian nightclubs and not include what is arguably one of the most famous venues in the world.
Founded by Tony Wilson in 1982, the Hacienda managed to define a whole era in the city, putting ‘Madchester’ on the map. Acid House and rave culture was born here – as were New Order and the Happy Mondays.
The club closed in 1997 and was demolished 18 months later, with a block of nondescript red brick flats now on the site – called The Hacienda Apartments.
Jilly’s was a Manchester institution. Originally called Fagin’s, it opened in 1970 on Oxford Road before being renamed Jilly’s in 1983, eventually adding Rockworld to the end.
The alternative club was always packed full with a cross section of people with a passion for guitar music, including punks, skaters, goths, metalheads, and indie kids.
Underneath was another club called the Musicbox – previously Rafters – but sadly both venues shut their doors back in 2010.
There’s a hidden tranquil waterfall located in the hills above Rochdale
This looks so peaceful!
If you’re after some tranquillity in your life (let’s face it – we all are), this is the perfect escape and it’s not too far away from Manchester.
Tucked away in the hills above Norden in Rochdale is a beautiful waterfall surrounded by luscious woodland, and its the perfect weekend walk.
Naden Valley is home to four huge reservoirs Naden Higher, Naden Middle, Naden Lower and Greenbooth, which all offer perfect exploring options and ample walking opportunities.
From the top of the valley you’ll find stunning views of Manchester city centre’s skyline towering over the hills in the distance.
The trickling waterfall is in the southwestern corner of Greenbooth reservoir, and is actually heading towards the United Utilities-owned reservoir after running through a housing estate.
There are clear circular footpaths around each reservoir that are perfect for a gentle stroll and are mostly accessible.
There are several flights of stairs to reach the waterfall which is slightly off path and requires a bit of careful exploring.
If waterfalls are your thing, you could also head to Rivington Pike’s forgotten Japanese Gardens just outside of Chorley.