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08 Jul 2020
On 8 July, Chancellor Rishi Sunak announced a three-point plan to support jobs in the wake of the COVID-19 pandemic when he delivered a Summer Economic Update to Parliament.
Chancellor Rishi Sunak announced a temporary cut in the rate of Stamp Duty Land Tax (SDLT) in order to boost confidence in the flagging housing market in his Summer Economic Update.
On 1 July, changes to the Coronavirus Job Retention Scheme (CJRS) saw flexible furloughing introduced.
The nominal rate of interest applied.
Note: These calculations are only for illustrative purposes and are not a substitute for professional advice.