Chancellor of the Exchequer Rishi Sunak told the House of Commons on Wednesday that all Britons will be given a 50% discount on food.
This is to encourage Brits to go out to restaurants in an attempt to boost the hospitality industry and help the economy. The 50% discount is up to a maximum discount of £10 per head at participating restaurants, cafes and pubs from Monday to Wednesday.
Rishi told MPs, “I can announce today that, for the month of August, we will give everyone in the country an ‘Eat Out to Help Out’ discount.
“Meals eaten at any participating business, Monday to Wednesday, will be 50% off, up to a maximum discount of £10 per head for everyone, including children.
“Businesses will need to register, and can do so through a simple website, open next Monday.
“Each week in August, businesses can then claim the money back, with the funds in their bank account within five working days.”
VAT will be cut to 5% on hospitality and tourism with the government backed grant for people to eat out from August.
The VAT cut will be for the next six months from 20% to 5% – a “£4bn catalyst” for the sector, which is designed to help protect 2.4m jobs.
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