The World In A Week – Seasons of Change

Following on from last week’s opening of some non-essential businesses, it is likely that Boris Johnson will announce a relaxation of the 2-metre social distancing rule tomorrow.  This should pave the way for a potential reopening of the hospitality sector from the 4th July.

Whilst the recommencement of the Premier League has been met with mixed reviews, the lack of atmosphere may be more palatable while enjoying the spectacle with a cold beverage of your choice, in the reasonably close proximity of your friends.

The attraction of socialising once again may not be enough to help the beleaguered sector, that is why Chancellor Rishi Sunak is contemplating a move to potentially reduce VAT for the hospitality and tourism sectors, which would include pubs, restaurants and hotels, from as early as July.

However, in order to balance the books, it is likely that the summer of stimulus may give way to an autumn that contains deferred tax increases and spending cuts in order to stabilise public debt.

Any opinions stated are honestly held but are not guaranteed and should not be relied upon.
The information contained in this document is not to be regarded as an offer to buy or sell, or the solicitation of any offer to buy or sell, any investments or products.
The content of this document is for information only. It is advisable that you discuss your personal financial circumstances with a financial adviser before undertaking any investments.
All the data contained in the communication is believed to be reliable but may be inaccurate or incomplete.  Unless otherwise specified all information is produced as of 22nd June 2020.
Location

8a The Gardens
Broadcut
Fareham
Hampshire
PO16 8SS

Social

Beaufort Financial is a trading name of Beaufort Financial Planning (South West) Limited, an appointed representative of Beaufort Financial Planning Limited which is authorised and regulated by the Financial Conduct Authority. Beaufort Financial Planning (South West) Limited is registered in England & Wales. Company no 08529290. Registered office: First Floor, 51-52 High Street, Taunton, Somerset, TA1 3PR.

The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses have been unable to resolve themselves. To contact the Financial Ombudsman Service please visit www.financial-ombudsman.org.uk.

Privacy Preference Center