1/ Todayโs Spending Review delivers on the priorities of the British people.
This thread covers ๐๐ผ๐บ๐ฒ ๐ผ๐ณ ๐๐ต๐ฒ ๐ธ๐ฒ๐ ๐ฎ๐ป๐ป๐ผ๐๐ป๐ฐ๐ฒ๐บ๐ฒ๐ป๐๐ from Departments across Government. #SR20
2/ This Spending Review delivers a historically high @UKHomeOffice budget which will help them to keep people safe and deliver new border and immigration arrangements. #SR20
3/ Weโre providing over ยฃ76 billion for @educationgovuk to meet the governmentโs commitment to level up education standards across the country and drive economic growth through improving the skills pipeline; levelling up productivity and supporting people into work. #SR20
4/ We will enable @DWP to deliver efficient frontline services and ensure that support is targeted where it's needed most.
The new 3-year long ยฃ2.9 billion Restart programme will provide intensive, tailored support to over 1million unemployed people and help them find work #SR20
5/ @DCMS will increase economic growth and productivity through improved digital connectivity and data infrastructure.
We'll grow and evolve our sectors particularly those most affected by Covid-19 which include culture, sport, civil society and the creative industries. #SR20
6/ Today we confirmed the biggest programme of investment in British defence @DefenceHQ since the end of the Cold War. #SR20
7/ This settlement increases @DefraGovUKโs budgets by almost ยฃ1 billion.
This will allow them to do more to fight against climate change - and connect people with green spaces - by planting trees, restoring peatland, creating habitats, and investing in National Parks. #SR20
8/ Weโre confirming our commitment to level up opportunity across the country, to deliver more, safer and greener homes, and to end rough sleeping, by investing @mhclg#SR20
9/ #SR20 provides the first ever settlement for the newly formed FCDO, bringing together the UKโs development and diplomatic expertise into one department.
10/ Todayโs Spending Review honours our historic, multi-year commitment to the NHS.
Next year, the core @DHSCgovuk budget will grow by ยฃ6.6bn, allowing us to deliver 50,000 more nurses and 50 million more general practice appointments. #SR20
11/ Weโre helping @MoJGovUK deliver an effective justice system across prisons, probation, courts and tribunals.
This includes the largest prison building programme in over a century and an over 50% increase in maintenance funding to improve prisons and courts. #SR20
12/ The funding for @beisgovuk will cement the UK as a science superpower through R&D and innovation spending, continue to support businesses through access finance schemes and stimulate the economic recovery post Covid. #SR20
We are decarbonising transport through record investment in electric vehicle charging and maintaining transport services to support the economy as we recover from Covid. #SR20
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1/ Iโm announcing today that Iโm expanding the Jobs Support Scheme.
Where the coronavirus restrictions legally require business premises to close, in any region or nation of the UK, we will help pay employeesโ wages.
2/ So, if your business does close their doors, and you cannot work at all for one week or more, your employer will pay you two thirds of your normal salary, up to ยฃ2,100 a month
โ and the UK government will cover the cost.
3/ The scheme applies to all business premises legally required to close. That includes those told to operate on a collection only or delivery basis.
Unlike the Jobs Support Scheme for open businesses, all weโll ask businesses to pay is Employer NI and pension contributions.
1/ The Job Support Scheme will directly support the wages of people in work, giving businesses who face depressed winter demand the option of keeping employees in a job on shorter hours rather than making them redundant.
2/ The scheme will support viable jobs so ๐๐ฆ๐ฉ๐ฅ๐จ๐ฒ๐๐๐ฌ ๐ฆ๐ฎ๐ฌ๐ญ ๐๐ ๐ฐ๐จ๐ซ๐ค๐ข๐ง๐ ๐๐ญ ๐ฅ๐๐๐ฌ๐ญ ๐ ๐ญ๐ก๐ข๐ซ๐ ๐จ๐ ๐ญ๐ก๐๐ข๐ซ ๐ง๐จ๐ซ๐ฆ๐๐ฅ ๐ก๐จ๐ฎ๐ซ๐ฌ and be paid for that work, as normal, by their employer.
3/ The government, together with employers, will increase those peopleโs wages ๐๐จ๐ฏ๐๐ซ๐ข๐ง๐ ๐/๐ ๐จ๐ ๐ญ๐ก๐ ๐ฉ๐๐ฒ ๐ญ๐ก๐๐ฒ ๐ก๐๐ฏ๐ ๐ฅ๐จ๐ฌ๐ญ by reducing their working hours.
The employee will keep their job. Anyone who as of yesterday is employed is eligible.
1/ Our job retention scheme has now supported more than 8 million jobs and over a million businesses.
Today I announced the final phase of this eight-month scheme. This thread outlines how weโll introduce flexible furloughing in the coming months.๐
2/ In June and July, the scheme will continue as before with no employer contribution at all.
The government will pay 80% of furloughed peopleโs wages, up to a maximum of ยฃ2,500. At the same time, the Flexible Furlough will start in July, one month early.
3/ In August, the taxpayer contribution to peopleโs wages will stay at 80%.
Employers will only be asked to cover National Insurance and employer pension contributions which, for the average claim, accounts for just 5% of total employment costs.
Itโs been a busy week so far with new stats, changes to CLBILS and the launch of the Future Fund. So tomorrow Iโll be taking some time to answer ๐๐ผ๐๐ฟ questions here on Twitter.
Just hit the button below and ask your question using #AskRishi.
Q: There are thousands of self-employed freelancers from a huge variety of backgrounds working in theatre, which as a sector has no hope of reopening in June. Are you going to extend the SEISS to October in line with the furlough scheme? #AskRishi
- @vikkistone
A:
Q: #askrishi Are you going to provide any support for self employed Directors working via Ltd Co? Many freelance PR lost up to 70% of work but canโt furlough or UC.
- @MandyPearse
1/ The job retention scheme will be extended, for four months, until the end of October.
By that point, we will have provided eight months of support to British people and businesses. Until the end of July, there will be no changes to the scheme whatsoever.
2/ From August to October the scheme will continue, for all sectors and regions of the UK, but with greater flexibility to support the transition back to work.
Employers currently using the scheme will be able to bring furloughed employees back part-time.
3/ We will ask employers to start sharing, with the government, the costs of paying peopleโs salaries.
1/ Today, we're announcing a new loan scheme. A simple, quick, easy solution for those in need of smaller loans.
Businesses can apply for new Bounce Back Loans up to a maximum of ยฃ50,000, or 25% of turnover, with the government paying the interest for the first 12 months.
2/ We've been in close talks with the banks in recent days and these loans will be available from 9am next Monday.
There will be no forward-looking tests of business viability; no complex eligibility criteria; just a simple, quick, standard form for businesses to fill in.
3/ For most firms, loans should arrive within 24 hours of approval.
And I have decided, for this specific scheme, that the government will support lending by guaranteeing 100% of the loan.