Since Rishi Sunak’s original announcement there have been significant revisions to the Job Support Scheme (JSS) that commences 1st November 2020. It will run for six months and below we deal with the details currently released by the government.
Winter Statement: Ongoing reliefs update
Rishi Sunak delivered his Winter Statement and we have taken this opportunity to surmise the most widely available and relevant reliefs and updates.
The Job Support Scheme: An overview
The government’s announcement that the Job Support Scheme will replace the Job Retention Scheme at the end of October for at least the next six months has forced us to realise that these measures are only temporary.
Summer Statement 2020
Rishi Sunak’s Summer statement (2020) was full of incentives and stimulus designed to keep the economy afloat and people employed.
Changes to the Job Retention Scheme
The Job Retention Scheme changes detailed below deal strictly with the transition and changes made between June and July. Further updates for August, September and October will become available at a later date.
Government-funded Covid reliefs
Business owners have become accustomed to the new normal and the government-funded reliefs are doing most of what they were intended to do.
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Job Retention Scheme Update
The Job Retention Scheme was initially intended to cease on 30 June 2020 but has unsurprisingly been extended.
The Bounce Back Loan
Today we conferred with Swoop, and Futrli to get the most up-to-date information on the government’s most recent scheme the Bounce Back Loan.
Coronavirus aid scheme for small and medium sized businesses
Yesterday the chancellor announced a Coronavirus aid scheme for small and medium-sized businesses in an acknowledgement that banks have been slow and reluctant to lend to small and medium-sized businesses under the Coronavirus Business Interruption Loan Scheme (CBILS).
Business Interruption Loan Scheme
Rishi Sunak, Chancellor of the Exchequer, has been talking today about the billions of pounds of support on offer to UK businesses. Here’s what our brokers are saying about the Business Interruption Loan Scheme and the capacity to borrow.