Rishi Sunak unveils stamp duty holiday and hospitality VAT cut

Chancellor also announces £9bn reward for firms bringing back furloughed workers

• Summer statement: chancellor’s key points at a glance
• Analysis: Sunak tries to kickstart UK’s economy
• Stamp duty: what is it and what has the chancellor changed?

Rishi Sunak promised to leave “no one without hope” as he unveiled an unprecedented level of employment support to assist in the economic recovery from coronavirus.

In his summer statement on Wednesday, the chancellor pledged £9bn to protect furloughed jobs, kickstart opportunities for young people, slash VAT for the hospitality and tourism sectors, and scrap stamp duty until next year.

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