In his Summer Statement, Chancellor Rishi Sunak has pledged a £1000 bonus for all employers who retain previously furloughed staff beyond the end of January.
The Chancellor has also pledged investment into modern apprenticeships, with a £2,000 grant available in England for employers that take on apprentices under 25 years old, and £1500 for those over 25. Additional measures, such as a reduction of VAT on takeaway food will appeal to businesses such as petrol station forecourts, which have been hit especially hard by the crisis.
However, new car dealers and vehicle manufacturers may be disappointed that there was no mention of a new scrappage scheme in the speech.
We’ll bring you reactions to the Statement from the aftermarket as we get them.