Chancellor confirms Covid-19 salary top-up scheme

UK faces 'difficult winter'

Jenna Brown
clock • 3 min read

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 for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Inflation falls faster than predicted ahead of BoE interest rate vote

Inflation falls faster than predicted ahead of BoE interest rate vote

3.2% in November

Michael Nelson
clock 17 December 2025 • 2 min read
FCA's Rathi addresses Autumn Budget market abuse concerns

FCA's Rathi addresses Autumn Budget market abuse concerns

Pens open letter to Treasury Committee

Isabel Baxter
clock 04 December 2025 • 2 min read
More tax, less shelter: A slow-burn Budget for savers and investors

More tax, less shelter: A slow-burn Budget for savers and investors

'The Budget documents make for sobering reading for those trying to build up their wealth'

Laith Khalaf
clock 04 December 2025 • 3 min read