Will a stamp duty holiday and Rishi’s rescue be enough? TiM podcast

Will the stamp duty holiday and Rishi’s rescue plan be enough… and how will we pay for all this? The Covid mini-Budget on the This Money podcastBy This Is Money Published: 05:04 EDT, 11 July 2020 | Updated: 09:17 EDT, 11 July 2020 The showstopper was a big stamp duty cut, the important element was about keeping jobs afloat, and the rabbit out of the hat was a great British meal deal.But the question is, was Rishi Sunak splashing the cash in the summer statement enough to get the nation’s confidence back in the coronavirus crisis, or will real recovery require more down the line?On this week’s podcast, Simon Lambert, Lee Boyce, and Georgie Frost run the rule over the Chancellor’s performance (spoiler alert, he’s good) and the substance of his speech (you’ll have to listen to the show for the verdict on that).They also ask the awkward question of how are we going to pay for all this – and does that even matter right now?Plus, was that a killer blow for the ‘bad tax’ that is stamp duty; will a £1,000 bung be enough for a company to keep someone in work; how badly will the hospitality industry be hit; and just how crazy would you have called someone who forecast at the start of the year that by summer we’d have an official Eat Out to Help Out scheme?On this podcast, the team dive into Rishi’s rescue plan and look at what’s working, what isn’t and who the winners and losers are.The stamp duty cut should keep more money in home buyers’ pockets ready for them to spend and help the economy, but will they do that or save it – and does the suggestion that it will just push up house prices stack up in a tough buyer’s market?The furlough scheme will be wound down, but the mood music is now about getting people working rather than paying them not to – is the £1,000 bonus for that a genuine helping hand, or just money to firms who would have taken people back anyway?And finally, the Chancellor declared he was going to do something Britain had never done before… and then delivered a Monday to Wednesday meal deal. Is government subsidised dinners out a sign that the world has finally gone completely mad, smart little confidence booster?   THIS IS MONEY PODCAST Will a stamp duty cut and Rishi’s rescue plan be enough? 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