Lockdown: Rishi Sunak urges public to head back to pubs and restaurants to help save economy

Chancellor says UK needs to ‘relearn what it’s like to go out again’

Peter Stubley
Saturday 04 July 2020 11:47
Comments
All you need to know from the latest UK coronavirus briefing

Rishi Sunak has urged Britain to “eat out to help out” in a bid to boost the economy as it emerges from a lockdown slump.

The chancellor said he was “worried about a generation that is scarred by coronavirus” amid reports of job losses across the UK.

“This is a consumption-driven economy,” he told The Times. “People used to, three months ago, go out with their friends or family to go and have a meal.

“Or buy a car, or upgrade their house, or move house. Go camping, come up to the Yorkshire Dales and go to coast to coast.”

Mr Sunak said that the public had to “relearn what it’s like to go out again” and added, in what may become his new slogan: “Eat out to help out”.

Boris Johnson has also called on the nation to support local businesses that will open their doors for the first time in more than three months.

However, he added a warning that “the success of these businesses ... and ultimately the economic health of the whole country is dependent on every single one of us acting responsibly. We must not let them down.

“I can certainly tell you I will buy and drink a pint but not a yard and I will repeat the message to everybody that this is a big turning point for us, we’ve got to get it right. Let’s work together and enjoy summer safely.”

Mr Sunak also told The Times that Treasury analysis showed government support during the lockdown had reduced the damaged to average household incomes from 30 per cent to around 10 per cent.

He also claimed that it had helped the poorest the most – although he accepted the young would be hardest hit as measures such as the furlough scheme were phased out.

While the UK economy shrank by a record 20.4 per cent in April, the Bank of England’s chief economist said earlier this week that the rebound had been “sooner and faster” than expected.

However, annual GDP is still expected to fall by 8 per cent as a result of the pandemic.

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Please enter a valid email
Please enter a valid email
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Please enter your first name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
Please enter your last name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
You must be over 18 years old to register
You must be over 18 years old to register
Opt-out-policy
You can opt-out at any time by signing in to your account to manage your preferences. Each email has a link to unsubscribe.

By clicking ‘Create my account’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Join our new commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in