Governments New Job Support Scheme To Pay Two Thirds Of Wages

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The Chancellor Rishi Sunak has said that Government’s Jobs Support Scheme (JSS) will be extended to support businesses forced to close by any new coronavirus restrictions or lockdowns.

On Friday 9th October, he announced that any businesses whose premises would be “legally required to shut” due to local or national restrictions will get grants worth up to two thirds of each employee salary, up to a cap of £2,100 a month.

Under the expanded JSS scheme, employers will not be required to contribute towards wages but will have to pay National Insurance and pension contributions.

Employees must be off work for a minimum of seven consecutive days.

The support scheme will open on the 1st November and remain open for six months, with a review in January 2021.

Payments will be made in arrears, and run through an HMRC service that will be available from early December.

Cash grants have also been increased for businesses required to close due to local lockdowns, £3,000 per month will be available, compared to £1,500 previously.

The Chancellor said: “Throughout the crisis, the driving force of our economic policy has not changed.

“I have always said that we will do whatever is necessary to protect jobs and livelihoods as the situation evolves.

“The expansion of the Job Support Scheme will provide a safety net for businesses across the UK who are required to temporarily close their doors, giving them the right support at the right time.”

There are more announcements due over the coming days, as we know more we will let you know.

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