The Self-Employment Income Support Scheme was also extended, aiding the self-employed once again.
Tags: Chancellor of the Exchequer
“This scheme is a lifeline for millions of locked-down workers.”
Unionists see this move as “immoral”.
From August, employers will contribute to the 80 per cent.
14 per cent expect to lose their jobs in the next three months.
35-44-year-old bracket are the most concerned working age group.
“We’ve got to wean off it.”
On 20th March 2020, the Chancellor announced updates to the “Coronavirus Job Retention Scheme”.
Self-employed company owners who pay themselves a dividend will not be covered.
“Employers will welcome this further guidance on how the Government scheme is to operate.”
“Time will tell as to whether these measures are enough to support self-employed workers.”
The Chancellor has been under mounting pressure to make this move.
“The flexible workforce, who the Government claims to support, is being penalised.”
“Alarmingly only 37 per cent of organisations make efforts to promote financial wellbeing .”
Rishi Sunak has announced a £350 billion package of financial measures to help companies.