£500 Vouchers for All UK Adults to Spend in Covid-Hit Firms
In the News
Seen this reported from multiple sources.
In Summary -
"Radical plans to give all adults £500 and children £250 in vouchers to spend in sectors of the economy worst hit by the Covid-19 crisis are being considered by the Treasury.
The proposals, drawn up by the Resolution Foundation thinktank, which has had recent talks with the Treasury about its ideas, are aimed at kickstarting economic recovery by triggering a highly targeted surge in spending. Under the plans the vouchers could only be spent in certain sectors, such as hospitality and “face to face” retail, as opposed to online."
What are peoples thoughts?
I think it's not a bad idea. It would give physical retailers a boost, and it would certainly give the general public a boost.
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