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Gloucestershire Business News

Chancellor extends support scheme for lockdown closures

Employees at businesses legally required to shut down by increased coronavirus restrictions will have two-thirds of their wages paid by an extension to the Job Support Scheme.

Chancellor Rishi Sunak announced the new support package, which will come into force on November 1, with stricter lockdown rules expected in parts of the country next week.

The Government will pay up to £2,100 per month for affected workers off work for a minimum of seven days and the scheme will run for six months before being reviewed.

Mr Sunak said: "It will provide a safety net for businesses across the UK who are required to temporarily close their doors, giving them the right support at the right time.

"Throughout the crisis the driving force of our economic policy has not changed.

"I have always said we will do whatever is necessary to protect jobs and livelihoods as the situation evolves."

The Chancellor also announced an increase in business grants up to £3,000 a month for firms forced to close in England up.

The Treasury said Wales, Scotland and Northern Ireland's administrations will receive increased funding.

Pubs and restaurants are likely to be the hardest hit businesses in any fresh lockdown regulations in England.

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