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Welcome to Yorkshire Reacts to Chancellor's Announcement

Welcome to Yorkshire Reacts to Chancellor's Announcement

Published by Jon Burke at 8:09am 9th July 2020. (Updated at 9:45am 9th July 2020)

Welcome to Yorkshire has been reacting to Chancellor Rishi Sunak's announcement yesterday, on how the economy can recover from coronavirus.

They include cutting VAT, offering financial rewards for getting furloughed employees back to work and discount vouchers for diners eating out in August.

Yesterday he took his spending on support to £190 billion, with another £30 billion package revealed.

Welcome to Yorkshire Chief Executive, James Mason, said:

“The Chancellor’s announcement to cut VAT from 20% to 5% will be a huge welcome boost for thousands of organisations within Yorkshire’s tourism industry. It’s been a tough year for many businesses and hopefully this will be an incentive to encourage spending across the sector with people being able to take advantage of reduced prices on food, drink, accommodation and admission to the county’s amazing attractions.

The additional news to introduce an Eat Out to Help Out discount, with meals purchased at any participating business from Monday to Wednesday throughout August with 50% off, will also encourage dining out at a time of the week that is traditionally quieter, allowing businesses to implement successful social distancing, yet spreading out welcoming customers over a number of days.

The tourism industry is worth £9bn to the Yorkshire economy and employs almost 225,000 people, and hopefully increased consumer spending will help secure the future jobs of many working within tourism businesses. We hope that the next few weeks and months will see visitors safely enjoying all the wonderful things Yorkshire has to offer, from its spectacular coastline, breathtaking countryside and vibrant cities, as well as world-class food and drink, spectacular heritage locations and outstanding attractions. A significant rise in visits to Welcome to Yorkshire’s website yorkshire.com in recent months reflects a real thirst for daytrips and staycations in the county post-COVID-19.”

Comments

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Peter croft, on 9th July 2020 11:42am
Out of touch yet again
The chancellor’s statement yesterday helped the large multi national hospitality industry. These guys pay minimum wage or zero hours put very little back into the local economy and declare profits overseas or pay huge accountancy firms avoid as much tax as possible
The small business owner maybe 1-2 employees gained very little from yesterday, if a business turnover is less than £85k per year VAT is not payable, so a reduction will not affect the smallest businesses which are the ones on their own with no large corporation to support it
Yet again the smallest man is let down but large companies gained the most.

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