Supporting UK Composites

Chancellor Announces Winter Recovery Plan

Job Support Scheme to follow on from Furlough

The Government has announced a new Job Support Scheme (JSS), which is intended to support businesses to continue employing people in “viable jobs”.
 
In his statement to Parliament, the Chancellor stated that there was no harder choice than the decision to end the furlough scheme, but emphasised that it would be fundamentally wrong to hold people in jobs that only exist in furlough. Instead, he said, it is necessary to support people in viable jobs that provide genuine security.

Additional business support measures

There were also a number of announcements around other business support measures, these included including:

  1. Keeping VAT low
  2. Deferring the inevitable(s)
  3. Pay as you Grow to Bounce Back
  4. Changes to Coronavirus Business Interruption Loan Scheme

Read more here: https://www.gov.uk/government/publications/winter-economy-plan/winter-economy-plan

 

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