Treasury considers £500 vouchers for all adults to help Covid-hit high streets

Rishi Sunak chancellor 2

All adults across the UK could be given £500 to spend under radical government plans being considered to kick-start the economy amid the coronavirus crisis.

Chancellor Rishi Sunak could hand every adult £500 in vouchers, while children would receive £250, under proposals to help sectors of the economy such as retail and hospitality that have been worst hit by the pandemic. 

The plan has been drawn up by the think tank Resolution Foundation, which has already held talks with the Treasury about its ideas. 

The move would be designed to kickstart a financial recovery by sparking a targeted surge in consumer spending. As a result, the vouchers could not be spent online, but in physical retail stores and hospitality operators such as cafes, restaurants and bars. 

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