Chancellor Rishi Sunak has confirmed a salary top-up scheme designed to minimise job losses over the next six months will be introduced on 1November as tighter Covid-19 restrictions remain in place.
Speaking in the House of Commons, Sunak outlined the Job Support Scheme and more financial help for businesses this lunchtime (24 September). Sunak said the resurgence of coronavirus posed a "threat to the fragile economic recovery" and protecting jobs was the government's priority through the "difficult winter months". All small and medium-sized businesses will be given the option to cut staff hours and pay with the government and employers paying part of the lost wages. Large businesses will be eligible if their turnover has been affected by the Covid-19 pandemic. Sunak said empl...
To continue reading this article...
Join Professional Adviser
- Unlimited access to real-time news, industry insights and market intelligence.
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters.
- Make smart business decisions with the latest developments in regulation, investing retirement and protection.
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes.