NEWS | Chancellor announces winter plan to support wages of people in work from November

Chancellor Rishi Sunak has announced that the government and firms will continue to top up the wages of workers who have not been able to return to the workplace full time due to the virus 

The Jobs Support Scheme, which will replace the furlough scheme when it ends, will see workers get up to 77% of their normal salaries for six months.

It aims to stop mass job cuts after the government introduced new measures to stop tackle coronavirus.

His key announcements:

  • The Job Support Scheme will begin in November and run for six months
  • Self-employment income support scheme extended
  • A “pay as you grow” extension to the Bounce Back Loan scheme will give businesses 10 years to repay them
  • VAT cut to 5% for hospitality and tourism extended until the end of March.