UK economic growth slows despite Eat Out To Help Out
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The UK’s economic growth was slower than the expansion seen in June and July, growing by just 2.1% despite the launch of the Eat Out to Help Out scheme.
In June, the UK’s economy grew by 8.7% and 6.6% in July. August’s figure was below expectations and the economy is still 9.2% smaller than before the outbreak of COVID-19.
Running from Monday to Wednesday throughout August, Eat Out to Help Out offered 50% off food up to the value of £10. Discounts for more than 100 million meals were claimed through the programme.
Analysts have predicted that growth with slow even further over the next few months due to the introduction of new COVID-19 restrictions, the end of the furlough scheme and worries over a no-deal Brexit.
A Treasury spokesperson said: “We have been clear that we stand ready to do more as necessary. Some firms will be affected by coronavirus for longer than others, and we will continue to seek to support these firms appropriately.”
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