Diversified farm businesses will gain from some of the jobs related recovery measures announced by chancellor Rishi Sunak today (6 July).
There is to be a VAT rate cut from 20% to 5% on food, accommodation and attractions.
In a bid to limit redundancies when the furlough scheme ends in October, the government will pay £1,000 for each job retained through to January.
See also: Farm staff management advice on fwi
There is also to be a £2,000 incentive designed to encourage businesses to hire apprentices, with £1,500 for apprentices over 25.
The government will also pay employers £1,000 to take on trainees, with a Kickstart scheme to subsidise six-month work placements for people on Universal Credit. This is for those aged between 16 and 24 and who are at risk of long-term unemployment.
These jobs must be for a minimum of 25 hours a week and must pay at least the national minimum wage.
For each kickstarter job, the government will cover the cost of 25 hours’ work a week at the national minimum wage – £4.55 for under-18s, £6.45 for 18- to 20-year-olds, and £8.20 for 21- to 24-year-olds.
There will also be a time-limited stamp duty holiday in England and Northern Ireland on the first £500,000 of property sales, running until 31 March next year.