How much will Rishi Sunak's generous new covid policies cost the taxpayer?

The Chancellor Rishi Sunak’s summer statement is set to cost some £30 billion on top of the existing programme of furloughing and coronavirus loan schemes.

The job retention bonus which pays companies £1000 for every employee who is brought back from furlough will set the chancellor back £9.4 billion.

The Kickstart Scheme for apprentices aged 16 to 24 will cost £2.1 billion.

Stamp duty relief being extended to £500,000 house purchases until next March will cost £3.8 billion.

Eat out to Help out, the voucher scheme to encourage people into restaurants midweek, will cost £500 million.

Despite complaints from the pubs industry that the VAT cut on hospitality industries will not include alcohol, it will still cost £4.1 billion. Retailers and aviation companies will not benefit from the cut, as some had hoped.

The measures are in addition to the job creation package in infrastructure announced by the Prime Minister on 30 June. These add up to £5.6 billion.

In total, the government's previous support plans since 11 March, from the furlough scheme to public service spending, has now pumped in £158.7 billion.

At the same time, it has given total tax deferrals and loan support of £122.8 billion.