There has been a great deal of political and commercial pressure on the Chancellor, Rishi Sunak, as commentators suggest that the package of measures in the Winter Economic Plan announced in September do not go far enough to support British businesses hit by the pandemic.
In response, on 9 October 2020 the Chancellor made two key announcements:
In line with the JSS as originally announced the expanded scheme will start on 1 November 2020 and last for six months with a review taking place in January 2021. Claims can be made online from December 2021 and payments will be made in arrears.
While there are inevitable gaps in coverage, this package will provide essential support to businesses forced to close due to local lockdowns and so will be very welcome, especially in the hard hit hospitality sector.
For more information, please contact Caroline Harwood or your usual Crowe contact.