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10 July 2020 | 5 minutes

Rishi Sunak’s stamp duty cut is not about helping first-time buyers, but shoring up the whole UK economy

One of the big winners in UK chancellor Rishi Sunak’s summer statement is the housing market, where stamp duty has been scrapped for all house purchases under £500,000 until March 2021. This will cost the Treasury £3.8 billion, about 0.4% of the total tax take, and comes in response to four months of falls in house prices – their worst performance in almost a decade.

10 July 2020 | 4 minutes

Summer statement: £2 billion scheme will not be enough to prevent mass youth unemployment

There are nearly seven million 16-24 years olds in the UK. As many of this group finish school, college or university, they face the real prospect of long-term unemployment.

01 July 2020 | 5 minutes

Seven ways social distancing will change restaurants

COVID-19 has had a devastating effect on the restaurant industry. While a few restaurants have found ways to provide takeaway and dine-at-home offerings, the majority of businesses have shut up shop during lockdown. From July 4, restaurants in the UK are permitted to open – but dining out will be very different. Here are seven ways in which social distancing and the wider impact of COVID-19 will change the restaurant industry.

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