Employment: Coronavirus
(asked on 28th September 2020) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will make available additional support beyond the Self-Employed Income Support Scheme and Job Support Scheme for people working in industries prevented from operating as a result of health protection regulations.
This question was answered on 1st October 2020
The Job Support Scheme will help employers that are facing reduced demand due to COVID-19, helping those businesses to retain their employees. The Government has also introduced several additional support schemes for businesses, in addition to the extension of the Self-Employment Income Support Scheme. The Government has extended the temporary loan schemes (the Coronavirus Business Interruption Loan Scheme, Bounce Back Loans, and the Future Fund), provided flexibility with the repayment of these loans, deferred VAT payments, reduced the rate of VAT for the hospitality and accommodation sectors, and introduced the Job Retention Bonus to encourage employers to keep their previously furloughed staff employed.
The Job Support Scheme will help employers that are facing reduced demand due to COVID-19, helping those businesses to retain their employees. The Government has also introduced several additional support schemes for businesses, in addition to the extension of the Self-Employment Income Support Scheme. The Government has extended the temporary loan schemes (the Coronavirus Business Interruption Loan Scheme, Bounce Back Loans, and the Future Fund), provided flexibility with the repayment of these loans, deferred VAT payments, reduced the rate of VAT for the hospitality and accommodation sectors, and introduced the Job Retention Bonus to encourage employers to keep their previously furloughed staff employed.