BABC Member Moore Kingston Smith Releases their Summer Economic Update 2020
BABC member Moore Kingston Smith has released their Summer Economic Update 2020.
The summer economic update had the feel of a mini-Budget, with the Chancellor announcing a number of new measures as part of his “plan for jobs”.
The £160 billion spent by the Treasury so far on Coronavirus-related measures has constituted the first “protection” phase of the government’s response to the virus. The Chancellor told us that we are now in the second phase, in which the government will focus on supporting people to find jobs and on giving businesses incentives to create and protect jobs. The third “rebuild” phase will follow.