Michael Kill, chief executive of the Night Time Industries Association, said the new measures are “too little, too late”. “There have been segments of our industry that have been locked down for nearly eight months and haven’t had the Chancellor’s focus to support them, apart from the furlough scheme,” he […]
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Am I eligible for the job support scheme? How to apply for Rishi Sunak’s new plan
Am I eligible for the wage subsidy scheme? Anyone who was working as of yesterday is eligible. However, you must work at least one third of your normal contracted hours. Businesses that have not yet used the furlough scheme can also access the new scheme but not all companies will be […]
Small firms face being locked out of Sunak’s flagship youth jobs scheme
Thousands of small companies face being locked out of Rishi Sunak’s £2bn flagship jobs scheme after being told they must create at least 30 work placements or band together in a group to qualify. Business leaders warned that small firms will struggle to access the Kickstart scheme – which offers six-month paid placements for young […]
Evolved business loans scheme could avoid funding cliff-edge
Businesses have been lent more than £50bn through the state-backed loan schemes. Some £14bn has been handed out under CBILS while the bulk has been given under BBLS, which offers a 100pc guarantee. BBLS will end later than CBILS on Nov 4, while a scheme for larger businesses will wrap […]
Sunak’s discount dining scheme boosts restaurants
Restaurants and pubs enjoyed a much-needed uplift in visitors this week as the prospect of a half price meal encouraged people out of their homes. More than 73,000 restaurants have signed up to the ‘eat out to help out’ scheme which launched this week and gives customers a 50pc discount […]
Financial lifeboat scheme extends deposit protection amid bank failure fears
Savers are to be offered greater protection against bank failures, amid concerns that the coronavirus pandemic has increased the likelihood of financial firms collapsing. The Financial Services Compensation Scheme is the industry lifeboat fund which compensates customers who have lost money to failed financial institutions. Deposits with British banks, building societies […]
Government extends Help to Buy scheme to allow for coronavirus delays
The Government has announced a small extension to the Help to Buy equity loan scheme to allow for delays caused by coronavirus – but the change falls short of housebuilders’ hopes. The building deadline for new homes sold through the scheme will be extended by two months, from the end of […]
Why the Chancellor’s ‘kickstart’ scheme won’t help university graduates
Aspiring lawyers, accountants and other ambitious university graduates have been left behind by the Government’s new ‘kickstart’ scheme as it will push young people into low-paid work with minimal career progression, jobs experts have said. Today Chancellor Rishi Sunak announced a £2bn package to get 16 to 24-year-olds into work […]
Thousands of shielding workers to be forced out of jobs if furlough scheme is not extended
All employers with more than five staff are required to produce written risk assessments, showing how they are protecting staff from Covid-19. However research by the TUC revealed that more than a third of people returning to work have not been shown any risk assessment by their employer. Recent data […]
Freelance mothers threaten to sue Government over ‘discriminatory’ state aid scheme
Self-employed mothers have threatened to sue Chancellor Rishi Sunak and the Government for discriminating against women when providing income support to freelancers during the coronavirus crisis. Pregnant Then Screwed, a campaign group, said 70,000 women have been unfairly left with less under the scheme, after their maternity leave was counted against them. […]