Supporting jobs and businesses

This week, Chancellor Rishi Sunak announced new measures to support jobs and businesses through the heightened COVID alert levels put in place to control the spread of the virus.

  • The government has already set out our economic package of support for businesses who are legally required to close, including the expanded Jobs Support Scheme, more generous and frequent cash grants, and more help for the self-employed. 
     
  • But the economic situation is damaging even for some businesses who can stay open. That is why the chancellor announced a package specifically for those businesses which are not forced to close, but face reduced demand due to additional social distancing restrictions:  

    • A more generous Job Support Scheme: employers contributing significantly less, the government a lot more 
       
    • Cash grants for hospitality and leisure businesses in Tier 2 – worth up to £2,100/month and backdated to August 
       
    • A doubling of our third self-employed grant from 20 per cent to 40 per cent of self-employed people’s profits 
       
  • Alongside the Winter Economy Plan, these announcements will give businesses, whether they are open or required to close, the flexibility to adjust and plan over the coming months – and comes on top of the £200 billion package of support we have committed since the beginning of the crisis.

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