Winter Economy Plan and NI Funding & Legislation Changes
25 September 2020
Chancellor's Winter Economy Plan
The Chancellor has unveiled the government’s Winter Economy Plan to protect jobs and support employment following the end of the Coronavirus Job Retention Scheme (CJRS) in October.
As the country faces continued social distancing measures and restrictions to prevent the spread of COVID-19, the Chancellor announced a new job support scheme targeted primarily at small and medium enterprises with further subsidies of wages. He has also sought to improve businesses’ cashflow by extending the existing loan schemes and promising new loan schemes for 2021.
Finally, the government will extend the reductions in VAT for the hardest-hit sectors of the economy – tourism and hospitality. Further detail including all the different elements of the Chancellor's winter economic plan can be found below.
NI Funding & Legislation Changes
The NI Executive also announced a number of targeted funding support measures to seek to further mitigate the impact of Covid-19 on businesses. These, and other key amendments for NI, can be found in the document below.
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