Chancellor Rishi Sunak has unveiled the Government’s winter economy plan, providing an update on current coronavirus support measures for individuals and businesses, and announcing the launch of a new Job Support Scheme.
Key points of the statement include:
– the Coronavirus Job Retention Scheme (CJRS) will end as planned on 31 October 2020;
– a new Job Support Scheme will provide funding for employers who are able to retain employees but on shorter hours. The scheme will initially run for six months from November;
– the temporary reduced (5%) rate of VAT…