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Chancellor unable to rule out further EOTHO schemes

Chancellor Rishi Sunak has declined to rule out further measures similar to the Eat Out To Help Out scheme when the economy reopens after the latest lockdown.

According to Sky News, Sunak said the government would look at a “range of things” to “get consumers spending again and people out and about”.

The Eat Out To Help Out discount scheme which benefited restaurants across the UK, enabled millions of meals to be heavily subsidised in price by the government and was used as a tool to help encourage vital business for the hospitality sector.

The economy reportedly grew by “a record 15.5% in the third quarter” but economists have cautioned, the latest lockdown will mean it could “shrink again” in the last three months of the year.

Sunak told Sky News: “I won’t talk about specific measures but more broadly, I think it’s right that when we finally exit this, and hopefully next year with testing and maybe indeed vaccines as well, we’ll be able to start looking forward to getting back to normal.

“I think we’ll have to look at the economic situation then and see what’s the best form of our support, and we want to make sure that we get the economy going strongly coming out of this.”

He added: “We want to make sure that we support employment and support people going into jobs, we want all the people who have sadly lost their jobs, we want to help them find new ones.

“We want to get consumers spending again and people out and about. So we’ll look at a range of things to see what the right interventions are at that time.”

 

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