Industry welcomes Jobs Support Scheme

Speaking in Parliament on September 24, 2020, the chancellor outlined a series of measures including a new Jobs Support Scheme to protect workers resuming their jobs in a part-time capacity and help for businesses in repaying government-backed loans.

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Sunak’s announcement follows PM Boris Johnson’s address to the nation on September 22 which outlined measures to combat the spread of the COVID-19 over the winter whilst growing the economy.

“The resurgence of the virus, and the measures we need to take in response, pose a threat to this fragile economic recovery,” Sunak told Parliament. “So, our task now is to move to the next stage of our economic plan, nurturing the recovery by protecting jobs through the difficult winter months.”

To this end, employers will be able to take advantage of a new Jobs Support Scheme from November 1 in which government will directly support viable jobs in businesses who are facing lower demand over the winter months due to coronavirus.