1/ Chancellor @RishiSunak has today announced how we’re going to protect millions of people’s jobs in response to #coronavirus:
2/ Businesses will receive government grants worth up to 80% of wages to keep workers in jobs. The Coronavirus Job Retention Scheme will pay up to £2,500 per worker each month, helping those who are self-isolating or caring for loved ones.
3/ VAT payments for the next quarter will be deferred, so no business will pay any VAT for the next three months - a direct injection of £30bn of cash to employers
4/ The Coronavirus Business Interruption Loan Scheme, launched at Budget, will now be interest free for 12 months.
5/ Universal Credit standard allowance and working tax credit basic element to rise by £1000 for a year.
6/ Nearly £1bn of support for renters, by increasing the generosity of housing benefit and Universal Credit, so that the Local Housing Allowance will cover at least 30% of market rents
7/ Read the full statement here: cards.twitter.com/cards/b96va/98…
As part of the national effort to tackle COVID-19, the Chancellor has announced new plans to protect people’s jobs and incomes. cards.twitter.com/cards/b96va/98…
