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Gloucestershire Business News

Chancellor announces changes to support packages

Chancellor Rishi Sunak has announced three new measures designed to help workers and businesses work through the second wave of the coronavirus pandemic.

The Job Support Scheme, announced as part of his Winter Economic Plan, will be available to employees who work 20 per cent of their normal hours rather than 33 per cent.

And employers will now have to pay only a five per cent contribution for the unworked hours when the scheme starts on November 1.

Grants for the self-employed will be doubled to a maximum of £3,750 per month with support rising from 20 per cent to 40 per cent of people's income.

And cash grants up to £2,100 a month will be available through local authorities, backdated to August, to firms in any tier.

Now available to businesses not forced to close by law, the move will primarily benefit the hospitality, accommodation and leisure sector.

The Chancellor said: "It is clear that even businesses that can stay open are facing profound uncertainty.

"I've always said that we must be ready to adapt our financial support as the situation evolves and that is what we are doing today.

"These changes mean that our support will reach many more people and protect many more jobs."

He continued: "I know that the introduction of further restrictions has left many people worried for themselves, their families and communities.

"I hope the Government's stepped-up can be part of the country pulling together in the coming months."

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