How the Chancellor could serve up appetising returns: Leading investment experts on the sectors, companies and funds set to profit from Sunak’s recovery drive
By ROSIE MURRAY-WEST, FINANCIAL MAIL ON SUNDAY
PUBLISHED: 21:54, 18 July 2020 | UPDATED: 08:27, 20 July 2020
For many people the abiding memory of this month’s mini-Budget was the sight of a maskless Rishi Sunak handing out ramen at Wagamama. Whatever we may think of his ability as a waiter, Chancellor Dishy Rishi has served up yet more measures aimed at boosting the UK economy…
We speak to leading investment experts in order to assess which business sectors and individual companies should benefit. We also look at the investment funds that could profit.
Infrastructure and green stocks
Building roads and going green don’t always go together, but the Government is trying to achieve both – with a £3billion green jobs plan…
Boost for the housing market
Just over a week ago, Sunak raised the threshold at which stamp duty kicks in to £500,000…
Chelsea’s McDermott says that the hope is that those who save on stamp duty will use the money for home improvements, helping raise spending in those areas, too…
New hopes for hospitality sector
Britain’s struggling hospitality sector was given two boosts in the mini-Budget. The first was the Eat Out to Help Out scheme that allows restaurants, pubs and cafes to offer a 50 per cent discount on meals and soft drinks on Mondays, Tuesdays and Wednesdays in August.
The second was the cut in VAT to five per cent…
James Carthew, head of research at investment trust scrutineer QuotedData, says that Secure Income Real Estate investment trust has exposure to a number of hospitality groups including Merlin Entertainment and Travelodge.
‘The question is whether a VAT cut is enough of an incentive for the crowds to brave the likes of Madame Tussauds,’ he says.
Read more here