Speaking to the House of Commons today, the Chancellor confirmed firms in high coronavirus alert level areas will be eligible to apply for grants worth up to £2,100 a month – even if they remain open. The move marks a considerable turnaround for Rishi Sunak after months of resisting calls to extend the generosity of Government support schemes.
He told the Commons: “Let me speak first to the people of Liverpool, Lancashire, South Yorkshire and Greater Manchester and indeed other areas moving into or already living under heightened health restrictions.
“I understand your frustration, people need to know this is not forever.
“These are temporary restrictions to help control the spread of the virus.
“There are difficult days and weeks ahead, but we will get through this together.
Cash grants will go to local authorities which will decide how much goes where, with applications set to be opened by each local authority.
The Chancellor also announced other changes to the Job Support Scheme, due to replace furlough in a matter of days, and the Self Employed Income Support scheme.
The Job Support Scheme has been made more generous, with employers only contributing five percent of wage bills for employees on days not worked.
Employees will also only have to work 20 percent of the week as opposed to half of their usual hours – so that’s one day a week for those on full-time contracts.
The SEISS scheme will also be made more generous, with the Government covering an average of 40 percent of lost profits, compared with the current 20 percent.
Published at Thu, 22 Oct 2020 13:15:54 +0000