Chancellor outlines Winter Economy Plan

Rishi Sunak unveils government’s plan to protect jobs and support businesses over the coming months.

• central to plan is a new Job Support Scheme and extension of Self Employment Income Support Scheme
• and over one million businesses will get flexibilities to help pay back loans

The Chancellor Rishi Sunak today outlined additional government support to provide certainty to businesses and workers impacted by coronavirus across the UK.

Delivering a speech in Parliament, the Chancellor announced a package of measures that will continue to protect jobs and help businesses through the uncertain months ahead as we continue to tackle the spread of the virus. The package includes a new Jobs Support Scheme to protect millions of returning workers, extending the Self Employment Income Support Scheme and 15% VAT cut for the hospitality and tourism sectors, and help for businesses in repaying government-backed loans.

The announcement comes after the Prime Minster set out further measures to combat the spread of the virus over the winter, while preserving the ability to grow the economy.

Read more: https://www.gov.uk/government/news/chancellor-outlines-winter-economy-plan