The United Kingdom

Recovery
Plan

Team Socialites
Improving the resilience of the
most vulnerable sectors in the
United Kingdom during the
CoVID-19 pandemic.
Choice of Sectors
Small and
Tourism medium sized
Retail
enterprises
 Tourism
Sector
This industry accounts for around
7% of the country’s GDP and
provides more than 3.8 million
direct and indirect jobs.
 Demand-Side Policies
- Extending income tax exemptions for domestic leisure tourists.
- Government ranking hotels based on their CoVID preventive measures
(will be added to pre-existing apps).

- Advertisement campaigns
- Increasing bank holidays
- Simplifying tourist visa application process, and commence on-arrival
visa approval.
Supply-Side Policies
- No interest loan for businesses in the tourism industry (2
years moratorium period to be paid within 5 years).
 Retail
Sector
This sunset industry which once
accounted for 3.19 million jobs, has
been facing unemployment for the
past 3 years.
 Demand-Side Policies
- Coupons, worth 100 pound sterling, which can be redeemed at
all retail outlets.
- Ranking retail stores based on their safety and CoVID
prevention measures (will be added to pre-existing apps)
- Advertisement campaigns
- Increasing bank holidays
Supply-Side Policies
- Placing a price ceiling on commercial land at the
current level rent for the following 2 financial
years.
- Spending on reskilling and retraining retail
workers.
 SMEs
Small and medium sized
enterprises provides employment
for
40% of UK’s labor force
&
50% of UK’s GDP
 Policies
- The standard rate of VAT will be decreased from the existing 20% to 15% until the
next financial year.
- The existing 80% salary furlough scheme will be replaced with a 50% salary
furlough scheme, but all minimum wage workers will be provided 100% salary.
- The existing rent that SMEs pay will be made as a price ceiling, above which the
landlords cannot raise the rent for the current and next financial year.
 Policies
- All SMEs are eligible to avail a 50% reduction in their electricity dues for
the next 2 quarters, which will be paid in inflation adjusted settlement to
the government after a 2 year moratorium.
- Existing tax exemptions are being doubled for the current tax year
Thank
you.