NEW: Govt to strengthen social distancing measures.
PM:
CAFES/PUBS/BAR/RESTAURANTS TO CLOSE TONIGHT: "as soon as they reasonably can"
NIGHTCLUBS/THEATRES/CINEMAS/GYMS/LEISURE CENTRES "to close on same time scale"
CAFES/PUBS/BAR/RESTAURANTS TO CLOSE TONIGHT: "as soon as they reasonably can"
NIGHTCLUBS/THEATRES/CINEMAS/GYMS/LEISURE CENTRES "to close on same time scale"
CHANCELLOR: "Our economic response will be one of the most comprehensive in the world"
CHANCELLOR: "You will not face this alone...getting through this will require a collective national effort, with a role for everyone to play."
CHANCELLOR ANNOUNCES:
**GOVT TO HELP PAY WORKERS' WAGES**
Any employer in the country will be eligible to contact HMRC for a grant to cover most of the wages who are not working but still on payroll
Govt grant to cover 80% of workers' wages, up to £2500 a month
**GOVT TO HELP PAY WORKERS' WAGES**
Any employer in the country will be eligible to contact HMRC for a grant to cover most of the wages who are not working but still on payroll
Govt grant to cover 80% of workers' wages, up to £2500 a month
Scheme will be open for at least three months and backdated to March 1st
"We will pay grants to support as many jobs as necessary"
Says there is no limit to the support available
"We will pay grants to support as many jobs as necessary"
Says there is no limit to the support available
To be clear- this is historic
The British government hasn't done anything like it before
The British government hasn't done anything like it before
SECOND ANNOUNCEMENTS
Business loans to be available on Monday- interest free for 12 months
Business loans to be available on Monday- interest free for 12 months
THIRD ANNOUNCEMENT
SUNAK postpones VAT payments for the next quarter
Will have til end of the financial year to pay
£30bn of deferred receipts for the Treasury
SUNAK postpones VAT payments for the next quarter
Will have til end of the financial year to pay
£30bn of deferred receipts for the Treasury
FOURTH ANNOUNCEMENT
Major advertising campaign to be launched to inform businesses about help available
CHANCELLOR: "Please look at this information carefully before deciding to lay people off"
Major advertising campaign to be launched to inform businesses about help available
CHANCELLOR: "Please look at this information carefully before deciding to lay people off"
FIFTH ANNOUNCEMENT
Universal Credit and Tax credit expansion
Universal Credit and Tax credit expansion
SIXTH ANNOUNCEMENT
SELF ASSESSMENT PAYMENTS TO BE DEFERRED TO JANUARY 2021
SELF ASSESSMENT PAYMENTS TO BE DEFERRED TO JANUARY 2021
CHANCELLOR: "Unprecedented measures for unprecedented times"
SEVENTH ANNOUNCEMENT
Increase Local Housing Allowances to cover "at least 30% of market rents"
Will be welcome for renters- but in many cases these rents are VERY high to begin with, v hard to pay in a crisis. Many renters wanted a payment holiday, like homeowners...
Increase Local Housing Allowances to cover "at least 30% of market rents"
Will be welcome for renters- but in many cases these rents are VERY high to begin with, v hard to pay in a crisis. Many renters wanted a payment holiday, like homeowners...
