The government has also provided grants worth up to £3,000 for closed businesses, and up to £2,100 per month for impacted businesses once they reopen, as well as 100% business rates relief for retail, hospitality and leisure businesses, £1.1billion in discretionary funding through local authorities and 100 per cent government-backed loans. … [Read more...] about Rishi Sunak confirms £9000 grant for retail and hospitality firms hit by third lockdown
Hospitality sector
Carillion: Government blamed for creating ‘dysfunctional’ public sector market
Writing in the Daily Telegraph, Mr Soames described how Serco had faced similar issues in 2014, wiping £1.5bn off its balance sheet and taking £450m of losses on Government contracts – but had "made it through the valley of the shadow of death". … [Read more...] about Carillion: Government blamed for creating ‘dysfunctional’ public sector market
Coronavirus: The workers most at risk of losing out as focus turns to ‘viable’ jobs
More from Covid-19 COVID-19: Pandemic to cause 'exponential' growth in heart disease COVID-19: 'There will be things people will say we did extremely well' - minister defends handling of pandemic COVID-19: People infected with UK coronavirus variant less likely to report losing taste and smell, data suggests COVID-19: Breakthrough treatment claims to stop 100% of symptomatic infections COVID-19: AstraZeneca boss says UK could have vaccinated 30 million people by March Home secretary expected to announce mandatory hotel quarantine for some travellers … [Read more...] about Coronavirus: The workers most at risk of losing out as focus turns to ‘viable’ jobs
Coronavirus: Key announcements from chancellor’s COVID-19 support plan
A new jobs support scheme - which will replace furlough - will see the government "directly support" the wages of people in "viable" jobs working at least a third of their normal hoursThe government will top up a third of the worker's salary that would have otherwise been lost as a result of working reduced hours - capped at £697.92 a month - which means a third will go unpaidIt will start in November and run for six months - with all small and medium-sized businesses eligible for the schemeLarger firms will have to prove their profits have been affected by the COVID-19 pandemic in order to utilise itBusinesses will not be able to issue redundancy notices to employees while taking part in this schemeThe self-employed grant will be extended on similar terms as this new support schemeA "pay as you grow" scheme to allow companies more time to repay bounce back loans over a period of up to 10 years rather than sixThose struggling to pay them back will now be able to choose to make … [Read more...] about Coronavirus: Key announcements from chancellor’s COVID-19 support plan
Coronavirus: Extend furlough scheme to stop ‘tsunami of job losses’, urges TUC
Responding to the TUC leader's call, a government spokesman said: "Supporting jobs is an absolute priority which is why we've set out a comprehensive Plan for Jobs to protect, create and support jobs across the UK by providing significant, targeted support where it is needed the most. … [Read more...] about Coronavirus: Extend furlough scheme to stop ‘tsunami of job losses’, urges TUC
