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New £500 voucher scheme to save ailing retailers from collapse snubbed
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mirror.co.ukChancellor Rishi Sunak has snubbed a new voucher initiative designed to boost Britain's high streets and save retail chains from collapse.
The so-called '£500 shopping initiative' was put forward by think-tank the Resolution Foundation on Sunday to help restart the economy following the pandemic.
If introduced, the charity said the scheme would save millions of jobs, and give the sector a cash injection, at a time when dozens of chains are collapsing into administration.
Under the proposals, every adult would have been handed £500 and every child £250, to help pump cash back into the high street.
Read more on mirror.co.uk
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