Chancellor Rishi Sunak’s Summer Statement 2020: The manufacturing industry reacts

Posted on 9 Jul 2020 by James Devonshire

The Chancellor Rishi Sunak has announced a raft of measures in his Summer Statement 2020. We outline the areas of the mini-Budget that will potentially impact the manufacturing industry and hear how the sector is reacting to the announcements.

Jobs & training As part of his ‘Plan for Jobs’, Chancellor Rishi Sunak announced a number of initiatives and schemes designed to spur the UK’s coronavirus recovery, many of which will directly benefit the manufacturing industry, including: A Job Retention Bonus to help wind down the furlough scheme, which will see businesses paid £1,000 for…

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