Job Support Scheme extended by Rishi Sunak
Chancellor announces £22 billion package of aid for businesses
affected by new covid restrictions.
Rishi Sunak promised grants of up to £2,100 a month for ‘Tier
2’ companies that are not forced to close but are struggling to be commercially
viable.
As many as 150,000 businesses could qualify for the
payments, which could cost the Treasury £1.2billion.
The new Job Support Scheme replaces the furlough and will be
extended to firms that are legally allowed to open.
It will be more generous allowing employers to pay just 5
per cent of staff wages, while the minimum threshold for hours worked will be reduced
to one day.
If an estimated two million people enrol, it could cost the
Treasury £6billion.
Mr Sunak also increased grants for self-employed workers to
40 per cent of the average profits, up to a maximum of £3,750 a month, which
could cost about £3billion.
Government borrowing was revealed to be running at £1billion
a day during the pandemic.
More articles and money news available at Money Tips Podcast - www.moneytipsdaily.com
·
New Job Support Scheme
·
Welsh Government lockdown
·
UK state pension age rises to 66
·
Emergency help for energy bills - Ofgem
·
How a crash will affect your pension plan
·
House
prices rise will reach all time high
·
How
to avoid bankruptcy in business
·
Is
this the end of office work as we know it?
·
Why
live in expensive town centres anymore?
·
Thousands
trapped in unsellable leasehold flats
·
Government extends
ban on landlords evicting tenants
·
Self-employed, have
you claimed your government grant?
·
Why UK Property
prices rising after stamp duty cut, despite the downturn?
·
New planning rules will open up more
opportunities to make money in
property
·
You can create a second income during the
lockdown…and come out stronger
·
Learn how to make money from property
without deposits, mortgages or cash
Millions of people face a bleak future post-Coronavirus
lockdown, as businesses disappear and the job furlough scheme eventually comes
to an end. However, life doesn’t have to end because of lockdown! You can join
thousands of ordinary people who have increased their income and added
streams of new income during this period.
Are you ready to adapt to the new economic model?
As lockdown restrictions around the world are being eased,
the economic model has subtly changed forever. How will you adapt to this new
way of working and running a business, what obstacles and opportunities lies
ahead? Will you be a participant or spectator in this revolution?
By Charles Kelly, Wealth Mentor, Property Investor, Author
of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.
There are more examples and practical
steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3
R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it
out on Amazon http://bit.ly/2MoneyBook.
If you’d like further information on wealth mentoring and
coaching, how to survive the crisis and even quit the rat race, email me at Charles@CharlesKelly.net
or send me a message through Facebook or my Money Tips Daily community. See
more articles at www.moneytipsdaily.com
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