Winter Economic Plan

Received from our friends at Galloways on Friday 25th September

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Hello Martyn

Yesterday, the Chancellor Rishi Sunak outlined additional government support to provide certainty to businesses and workers impacted by coronavirus across the UK.

The key announcements were measures aimed at protecting jobs and helping businesses through this period of continued uncertainty. The four main pillars of the announcement were:

  • The Jobs Support Scheme;
  • Extending the Self Employment Income Support Scheme;
  • 15% VAT cut for the hospitality and tourism sectors; and
  • Support for businesses in repaying government backed loans.

This link (or the full URL below) will take you to our guide to these announcements which provides an outline of how these schemes will work and the eligibility criteria.

https://www.wearegalloways.com/sites/default/files/2020-09/WinterEconomyPlan.pdf

Mark Crowter  | Partner
30 New Road | Brighton | East Sussex | BN1 1BN
T: 01273 324163 | W: www.wearegalloways.com

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