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The government announced today that it will dramatically increase the generosity and reach of its winter support programs to ensure that livelihoods and jobs across the UK continue to be protected in the tough months ahead, supporting jobs and helping contain the virus
Recognizing the difficult times ahead, the Chancellor said he would increase his support through existing programs to support employment and the self-employed, and expand business subsidies to support businesses in high alert areas
This builds on agreements made with local authorities which go to very high alert level, with additional support for businesses, jobs and economic recovery
I have always said that we have to be prepared to adapt our financial support as the situation evolves, and that is what we are doing today These changes mean that our support will reach many more people and protect many more jobs
I know that the introduction of new restrictions has left many people worried about themselves, their families and their communities. I hope that increased government support can be part of the country’s mobilization in the months to come. come
Recognizing the pressure on businesses in certain industries and fields, today’s announcement alleviates the burden of retaining staff
In its initial announcement, the JSS – which will come into effect on November 1 – saw employers pay a third of their employees’ wages for hours not worked and demanded that employers work 33% of their regular hours
Today’s announcement cuts the employer’s contribution to those hours not worked to just 5% and cuts the minimum number of hours required to 20%, so those who work only one day per week will be eligible This means that if someone was paid £ 587 for their non-working hours the government would contribute £ 543 and their employer only £ 44
Employers will continue to receive the £ 1,000 job retention bonus The closed employment support program for businesses legally required to close remains unchanged
Today’s announcement increases the amount of benefits covered by the next two self-employed grants from 20% to 40%, meaning the maximum grant will drop from £ 1,875 to £ 3,750
This is a potential additional £ 3.1 billion in aid to the self-employed from November to January alone, with another upcoming grant covering February to April
The Chancellor also announced additional funding approved to support cash grants of up to £ 2,100 per month, primarily for businesses in the hospitality, accommodation and leisure sector which may be affected by restrictions in high alert areas These grants will be available retrospectively for areas that have already been restricted, and will be on top of higher levels of additional trade support for local authorities moving up to level 3 which, if extended across the country, are worth over £ 1 billion
These grants could benefit around 150,000 businesses in England, including hotels, restaurants, B&Bs and many more that are not legally required to close but have nevertheless been affected by local restrictions
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Jobs, finances, self-employment, plan, financing, Rishi Sunak, coronavirus
News from around the world – GB – Plan for employment: Chancellor increases financial support for businesses and to workers
