Recently, Resolution Foundation has requested that chancellor Sunak consider grant British homes money to be spent at high street shops.
These vouchers would be between £250(for children) and £500(for the adults).
The high street is the name for the area where one would find the primary businesses in the UK. The name is used in the same way we in States would say, “main street.” Being different from “centeres” these area is home to buildings such as the post office, pubs, and other main shops.
The proposal put forward would give these shops a chance to make some money again after being presumably closed given the current pandemic situation. It seems not dissimilar to the stimulus checks many people received here in the US. The main difference being that this money would come in vouchers for high street shops specifically.
This act is aimed to improve the living standards for low-middle income households as it also supports businesses impacted negatively by the coronavirus.
The total cost of this venture would be 30 billion but the researchers involved truly believe this to be an effective measure to support those who are need of the most help currently.
Here’s the original statement from the twitter account of the Resolution Foundation:
Britain needs a universal High Street Voucher scheme, which 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. pic.twitter.com/8UR7Jvbpdw— Resolution Foundation (@resfoundation) July 5, 2020
The statement definitely shows promise as Smith indicates the money will go to those who do really need it the most and not just spread out everywhere ignoring the ailing businesses. They also mention, in brief, that this is something that’ll be essential to the reopening process as a whole in the months(?) to come.
For more information on this situation be sure to check out either their twitter page or their website resolutionfoundation.org.
Shockingly while people like this are trying desperately to resolve these global struggles, there exist people who simply do not care and instead have chosen to throw coronavirus parties(for money even!) check out this article by Melissa Gonzalez to find out more.