Welcome to live coverage of the UK’s coronavirus crisis and the chancellor’s summer statement.
Rishi Sunak is set to put a job creation plan for under-25s at the centre of his statement which is expected at about 12.30pm.
The £2bn scheme will fund six-month job placements for an estimated 350,000 18- to 24-year-olds.
Sunak is also reported to be considering a stamp duty holiday for properties under £500,000 to boost the housing market, as part of a package to tackle the economic impact of the coronavirus.
Richard Partington has a preview of these and other measures to look out for in the chancellor’s statement.
The Guardian
Last Updated on July 8, 2020 by shalw
