Eat Out to Help Out ends: Half-price meal scheme cost UK $567 million - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 68 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

The UK's coronavirus half-price meal scheme is ending, and may have cost the government $567 million

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.The government-funded Eat Out to Help Out scheme offered diners 50% discounts in August at restaurants and cafes.

Diners ate more than 80 million reduced meals, which cost the government around £400 million , according to estimates provided to the Daily Mail.Visit Business Insider's homepage for more storiesThe UK government's half-price dining scheme to encourage people to spend money at restaurants finished on Monday, with data suggesting diners got a combined £400 million off their meals.

Under the Eat Out To Help Out scheme, diners at eligible restaurants, cafes, and bars got half-price food and soft drink for eat-in meals on Mondays, Tuesdays, and Wednesdays. The discount, of up to £10 per person, was subsidized by the government, andMore than 80 million reduced meals were claimed in August, according to Treasury estimates given to the. At an average discount of £5 per meal, this suggests the scheme cost the UK government £400 million .

With that support now withdrawn, it's not clear what will happen next. Some restaurants and cafes are self-funding the discount so that customer numbers don't drop in September. This includes discount pub chain Wetherspoon, whose "Stay Out to Help Out" scheme will offer cheaper food and drink between Mondays and Wednesdays until mid-November.Get a personalized selection of top stories daily based on your preferences. Sign up now.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Which is PEANUTS compared to what the govt would have to spend had lots of restaurants and cafes gone bust. Plus, we got to eat out loads. Eat Out to Help Out was a great success.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Insider's biggest advertising and media stories for August 31 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Huge Data Harvesting Great proposition. Would love to see a real Amazon competitor. Whilst I don’t use Tik Tok, there’s no denying it’s monetisation potential.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Walmart unveils Amazon Prime rival Walmart Plus that costs $98 a year - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. A bit too late to the party Fantastic financial articles below about OpenLearning=ASX$OLL
Source: BusinessInsider - 🏆 729. / 51 Read more »