The coronavirus has been very hard on several industries. To
help the retail sector, the UK government is considering offering everyone in
the country £500 shopping vouchers.
This is an attempt to restart the economy.
Authorities have designed a new set of proposals that will
encourage the public to start spending money again. This will create a cash
flow for retail businesses that have
been extremely impacted by the coronavirus. The vouchers, offering £500 to
adults and £250 to children, would be universal and delivered as coupons or
smartcards. Cash will not be given to encourage clients to spend, not save. They
will also be activated over 12 months and people will be able to use their
smartphones to complete transactions. Moreover, it would be a one-off,
non-refundable £500 lump sum, not several monthly payments.
However, there would be certain terms and conditions
associated to the vouchers. For instance, you can redeem them in stores only,
not online. As such, you will have to leave your house and visit the high
street to use them. Moreover, they would expire within a year.
A report advance that this “voucher
scheme can target the parts of the economy where the problems are –
bricks and mortar consumption in shops and restaurants, rather than online
sales – and recognises the different impact of the crisis on poor and rich
families”.
The
government is considering offering vouchers to everyone
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