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HM Treasury Profile picture
@hmtreasury
Jun 3, 2021 • 5 tweets • 2 min read • Read on X
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As businesses start to reopen and the country gets back to normal, over 1.3 million people came off furlough in March and April - showing our #PlanforJobs is working. Image
New data also shows that 2.8 million people benefitted from the Self-Employment Income Support Scheme - which has provided over £24 billion in support. Image
The retail and hospitality sectors saw the highest numbers of people come off furlough in April, with 234,500 retail workers and 181,600 hospitality staff taken off the scheme. Image
The number of people on furlough decreased across every age bracket in the month of April – and the largest reductions in take up rate were for the under 18s and 18-24 year olds. Image
The number of people on furlough fell in all four UK nations in April, with 714,700 people removed from furlough in England, 63,600 in Scotland, 31,500 in Wales and 12,200 in Northern Ireland. Image

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More from @hmtreasury

HM Treasury Profile picture
Jun 5, 2021
At the @G7 in London today, Chancellor @RishiSunak and his counterparts came to a historic agreement on global tax reform that will require the largest multinational tech giants will pay their fair share of tax in the UK.
Under the principles of the landmark reforms, the largest global firms with profit margins of at least 10% will be in scope – with 20% of any profit above the 10% margin reallocated and then subjected to tax in the countries where they make sales.
The G7 also agreed to the principle of at least 15% global minimum corporation tax operated on a country-by-country basis – creating a more level playing field for UK firms and cracking down on tax avoidance.
Read 6 tweets
HM Treasury Profile picture
Feb 12, 2021
1/ The UK calculates economic growth in a different way to many other countries – more comparable approaches of GDP measurement show our performance is closer in line with our international counterparts. Read this thread & listen to Chancellor @RishiSunak explain the differences
2/ The independent ONS has said it’s important that we’re careful when making international comparisons between the performance of our economy and others.
3/ This is because of the different approaches each nation takes to their estimates- there are significant differences in how countries measures the public sector in GDP.
Read 6 tweets
HM Treasury Profile picture
Apr 9, 2020
We’ll be answering your questions about the #coronavirus support schemes announced by the Chancellor @rishisunak between 3-4pm today.
Want to know more about small business loans, job retention or our support for charities, just reply to this tweet with your question.
Hi Becca. Owner/managers paying themselves through PAYE are able to be furloughed. Dividend income isn’t counted on the scheme because it would include those taking dividends from others sources. We used tax returns as we needed the system up and running as quick as possible.
Hi Eloise. The furlough scheme is designed to keep people attached to their companies and to be paid through payroll, so I’m afraid we can’t pay it to those who have been made redundant. As you say employers can take people back on but that is a decision for them.
Read 17 tweets
HM Treasury Profile picture
Mar 26, 2020
1/ The Government has announced a new Self-Employed Income Support Scheme to support those who work for themselves.
2/ The government will pay self-employed people, who have been adversely affected by the #coronavirus, a taxable grant worth 80% of their average income over the last three years, up to £2,500 per month, for at least three months.
3/ Self-employed people who are eligible can apply directly to HMRC for the grant, using a simple online form; HMRC will then pay the grant straight into your bank account.
Read 8 tweets
HM Treasury Profile picture
Mar 20, 2020
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
Read 8 tweets
HM Treasury Profile picture
Mar 11, 2020
1/ The government is taking action that is coordinated, coherent and comprehensive on COVID-19. This thread outlines some of the support in #Budget2020.
2/ Whatever extra resources our NHS needs to cope with COVID-19 – it will get. Whatever it needs, whatever it costs, we stand behind our NHS.
3/ If people fall ill or can’t work, we’ll support their finances. Statutory Sick Pay will be available for all those who are advised to self-isolate – even if they haven’t yet presented with symptoms.
Read 11 tweets

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