The UK Government is to extend it’s Job Support Scheme.
Employees who work for firms forced to shut by law because of coronavirus restrictions are to get two-thirds of their wages paid for by the government.
The scheme, announced by Rishi Sunak, begins on 1 November and will last for six months. A Treasury source said it could cost hundreds of millions of pounds per month.
A restrictions update, which could see licensed premises shut in the worst-affected areas, is expected on Monday. The announcement comes as a boost to the beleaguered pub trade.
The scheme will only apply to businesses told to close. Businesses who choose to shut because of the impact of Covid restrictions will not receive anything.
The grants will be a maximum of £2,100 per employee a month. The Treasury said it would protect jobs and enable businesses to reopen quickly once restrictions are lifted. In addition, for businesses forced to close in England, the Chancellor announced that business grants would rise – with up to £3,000 a month paid on fortnightly basis.
The Treasury announced that the devolved administrations in Scotland, Wales and Northern Ireland will receive extra funding enabling them to bring in similar support measures if they choose to.
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