Sunak’s summer statement
Newscast
BBC
4.4 • 6.4K Ratings
🗓️ 8 July 2020
⏱️ 37 minutes
🧾️ Download transcript
Summary
Chancellor Rishi Sunak outlined the government’s plan for rebuilding the economy today. But will it be enough? Adam and Laura are joined by the economist Stephanie Flanders. And we speak to the chief executives of Burger King and the house-building company Taylor Wimpey about what they think of the announcements.
Studio Director: Emma Crowe Producers: Frankie Tobi, Natalie Ktena, Ben Weisz Assistant Editor: Sam Bonham Editor: Dino Sofos
Transcript
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| 0:00.0 | BBC Sounds, music radio podcasts. |
| 0:04.6 | Well today we got Ritchie Sunak the Chancellor giving his summer statement, his update |
| 0:07.9 | about the economy and how the government are going to help get everything firing |
| 0:12.2 | at all cylinders again. |
| 0:13.2 | And one of the things is cutting the VAT on hot food from restaurants |
| 0:18.0 | from where it is now 20% to 5%. Now to work out what this means we've got the boss of Burger King in the UK, Alastor Mordock. |
| 0:27.4 | Hello, Alistair. |
| 0:28.4 | Yeah, hi there. |
| 0:29.4 | How you doing it? |
| 0:30.4 | Good thanks. |
| 0:31.4 | I'm trying to work out a double wapper meal with cheese and six chicken bites tonight is 11 pounds 8. |
| 0:36.7 | How much will it be when this VAT cut comes in? |
| 0:40.3 | From a VAT point of you it's going to be a lot less than that isn't it? |
| 0:43.2 | Yeah, so I've done a quick back of the envelope slash on laptop calculation. |
| 0:48.0 | My calculation is now going to be 9 pounds 31. |
| 0:50.9 | Does that sound right? |
| 0:51.9 | Sounds right to me. |
| 0:54.0 | And then the even better news is there's this new food discount scheme from the government |
| 0:58.0 | where the government will pay for you to have a 50% discount on that, |
| 1:01.0 | so actually it'll end up being 4 pounds 15 bargain I wish life |
| 1:05.4 | were that simple but that's an awful lot of food being offered a great price |
| 1:09.0 | so well people eat the same or twice as much or pay half as much for the same who knows all those are questions for this edition of the coronavirus new cast |
... |
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