Standard Vat rate was reduced from 23% to 21% in last July’s stimulus plan

The decision to delay the reopening of pubs could lead to thousands of publicans defaulting on their mortgage. The Licensed Vintners Association is warning that this will happen when the moratorium on mortgage repayments ends later this month.

Mortgage applications approved in June, when the Covid-19 restrictions on most parts of the economy started to be lifted, rose to 2,263 but were still almost 50% below June 2019

Leading broker sees Avantcard shaking up mortgage market